Company: Teledyne Technologies, Valeport
Business Type: Manufacturer
UK & International Business Sales and M&A News
A family-run marine technology company has been acquired by subsea tech and equipment firm Teledyne Marine for an undisclosed sum.
Valeport, based in Totnes, Devon, was established in 1969 and specialises in the design and manufacturer of underwater sensors and profilers. It employs more than 115 people at its premises on St Peter’s Quay in Totnes.
The independent business designs and manufactures instrumentation for the oceanographic and hydrographic communities with a worldwide customer base that includes subsea, hydrographic, metrological and positioning, oceanographic, ports, harbours, dredging, energy and scientific research sectors.
The acquisition will see Valeport become part of Teledyne Marine under the terms of the agreement, and will expand Teledyne Marine’s products and solutions offered to its global customer base.
Matt Quartley, Managing Director of Valeport, (pictured (left) with Ole Søe-Pedersen (right)) said:
“Our family is very proud of Valeport’s journey to date, but the time is right for the next phase, and I am so pleased that this will be as a part of Teledyne Marine.
“We have been careful to find a buyer for our family business that shares our values and commitment to innovation and outstanding customer service; Teledyne Marine was the natural choice for taking the business forward.”
Matt Quartley – Managing Director of Valeport
Teledyne Marine, with offices in the US and Europe, is a group of leading-edge subsea tech companies that are part of Teledyne Technologies Incorporated, bringing imaging, instruments, interconnect, seismic, and vehicle technology together to provide total solutions to customers in industries including hydrography, offshore, dredging, defense and security, and marine research.
Ole Søe-Pedersen, Teledyne Marine Europe’s VP and GM, said:
“We are delighted that Valeport will join Teledyne Marine and expand our technology offering. Valeport is a respected and recognised brand of underwater sensors and profilers and will complement the Teledyne Marine portfolio of technologies and solutions.”
Ole Søe-Pedersen – Teledyne Marine Europe's VP and GM,
A team at PKF Francis Clark, comprising Matt Willmott, Chris Bishop, Andrew Killick and Ben Slater, were lead advisors to the shareholders of Valeport on the sale of the business.
Matt Quartley concluded:
“The prospect of working with the rest of the Teledyne group to bring our customers an even greater range of superb, high-quality products is something that we are incredibly excited about, and will undoubtedly be to the benefit of Valeport, Teledyne, and most importantly, all of our customers.”
Matt Quartley – Managing Director of Valeport
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