Teledyne Acquires VariSystems PDF Print E-mail
Written by Mike Buetow   
Tuesday, 28 February 2012 09:57

THOUSAND OAKS, CA -- Teledyne Technologies has acquired VariSystems, a supplier of custom harsh environment interconnects. Terms of the transaction were not disclosed.

Calgary, Alberta-based VariSystems provides a range of custom over-molded harsh environment interconnects and cable assemblies to customers primarily engaged in the land-based energy, mining and other natural resources industries. The company had sales of CAD $27.5 million for its fiscal year ended May 31, 2011. After closing, the acquired business will operate under the name Teledyne VariSystems.

“VariSystems’ interconnect products further expand Teledyne’s strong portfolio of rugged connecter solutions used in energy exploration and production. In particular, VariSystems will provide greater access to land-based energy markets, specifically hydraulic fracturing and oil sands applications, where VariSystems’ products provide the highest degree of reliability in very demanding environments,” said Robert Mehrabian, chairman, president and chief executive of Teledyne.




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