Teledyne to Acquire ETM-Electromatic
Summary
More recently, ETM has developed subsystems and complete high-energy X-ray generation systems for cancer radiotherapy and security screening. “ETM is uniquely complementary to our healthcare imaging and defense electronics businesses,” said Robert Mehrabian, Chairman, President and Chief Executive Officer. The combination with ETM will now accelerate Teledyne’s ability to provide greater content and subsystem-level solutions to cancer radiotherapy, defense and security customers. In addition, ETM strengthens our capabilities in microwave combining technologies and high-power gallium nitride (GaN) based solid state power amplifiers.” Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to a pending acquisition of a company subject to customary closing conditions.