Devon-based marine technology company acquired by US firm

United Kingdom
20th March 2024

Devon-based marine technology company acquired by US firm

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:

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:

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:

About Valeport About Teledyne Marine


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