LOS ANGELES, 8 August 2006. Teledyne Technologies Incorporated has announced that its subsidiary, Teledyne Brown Engineering Inc., has entered into an agreement to acquire CollaborX Inc., based in Colorado Springs, Colo., for $17.5 million.
CollaborX provides government engineering services primarily to the U.S. Air Force and select joint military commands, such as the Missile Defense Agency, the United States Joint Forces Command, and the United States Northern Command. CollaborX had revenue of $13.6 million for its fiscal year ended December 2005.
The acquisition of CollaborX complements Teledyne Brown's existing government systems engineering capabilities.
Teledyne Technologies is a provider of electronic components, instruments, and communication products, systems engineering solutions, aerospace engines and components, and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada.
