Teledyne Ltd., a subsidiary of Teledyne Technologies Inc., Thousand Oaks, Calif., (NYSE: TDY) has acquired Lansing, U.K.- based Cormon Ltd. and Cormon Technology Ltd. for an undisclosed price.
Cormon designs and manufactures subsea and surface sand, corrosion sensors and flowintegrity monitoring systems used in E&P systems. The subsea sensors and flowintegrity monitoring systems accelerate hydrocarbon production, reduce operating costs and extend asset life for oil and gas operators and processors. Cormon’s sand sensors monitor the erosive effects of solids in production flows.
The Cormon assets will operate as Teledyne Cormon Ltd.
Teledyne Technologies chairman, president and chief executive Robert Mehrabian says, “The acquisition of Cormon adds unique sensor technology to our growing marine instrumentation businesses. Furthermore, this acquisition creates an opportunity to provide integrated flow quality assurance systems. For example, Cormon’s sensors and flow-through systems may be combined with the wetmateable interconnect systems of Ocean Design Inc., as well as Teledyne D.G. O’Brien’s glass-to-metal sealed wellhead feedthrough and connector systems.”
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