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Teledyne will acquire BlueView Technologies

THOUSAND OAKS, Calif. (AP) — Defense and aerospace industry supplier Teledyne Technologies Inc. said Thursday that a subsidiary will acquire BlueView Technologies Inc., a privately held company which makes high-resolution underwater acoustic imaging and measurement devices. No terms were disclosed.

The subsidiary, Teledyne RD Instruments Inc., makes underwater vision and navigation instruments.

Teledyne expects the transaction to close on or about July 2.

This is the second acquisition the Thousand Oaks, Calif. company announced this week. On Tuesday, Teledyne said that it is purchasing electronic instrument maker LeCroy Corp. for about $240 million in cash.

Teledyne shares slipped 21 cents to $59.71 per share in morning trading Thursday. They have traded in a 52-week range of $43.82 to $66.29.