Teledyne Marine inks deal to acquire Valeport
Teledyne Marine announced an agreement to acquire Valeport Ltd, a UK based manufacturer of oceanographic and hydrographic instrumentation known for their underwater sensors and profilers. Under this deal, Valeport will join Teledyne Marine as part of their portfolio of subsea technology businesses listed on New York Stock Exchange; no financial terms of this transaction were disclosed.
Teledyne Marine asserts that its acquisition will broaden its range of underwater products and solutions available to global customers. Valeport, known for its sensors and profilers, will supplement existing Teledyne Marine technologies across subsea survey, ocean science and offshore energy applications. Teledyne Marine also anticipates sustained demand growth for precision marine sensing equipment while consolidating specialist suppliers.
Valeport brings 50 years of sensor expertise under family ownership.
Valeport was established as a family business in 1969 and has grown into one of the UK's premier manufacturers of oceanographic and hydrographic instrumentation since. They design and produce sensors and profilers used across subsea, hydrographic, metrological, positioning, port, harbour, dredging energy research sectors as well as subsea/port/harbor dredging energy research sectors and scientific research environments globally with worldwide customer bases supported. Products offered include sound velocity probes/sensors; optical sensors; current meters tide gauges wave recorders multi parameter CTD systems
Valeport employs over 115 people at its riverside headquarters in Totnes, Devon and has consistently invested in new facilities, production systems and staff in response to strong global demand for its products. Teledyne Marine's acquisition is seen as an exciting next step for Valeport's expansion; expanding product development while keeping manufacturing base and expertise in South West England intact.
Leadership to implement and oversee structured transition into Teledyne group
Valeport managing director Matt Quartley will remain involved as Teledyne Marine absorbs Valeport. Quartley noted that his family was extremely proud of all they had accomplished to date but sees joining a larger organisation as necessary to continue growing and creating career opportunities for employees. Furthermore, Teledyne Marine could offer customers access to an expanded selection of high quality marine sensing products through working closely together.
Teledyne Marine Europe vice president and general manager Ole Soe Pedersen welcomed Valeport's acquisition with enthusiasm, noting how it will expand Teledyne technology offerings and strengthen their portfolio for underwater sensing and profiling. Both parties agreed that over the coming months they will work closely together to ensure a smooth transition for staff and customers, minimising disruption to ongoing projects and support services. PKF Francis Clark provided support services during this sale process which involved preparation, identification of buyers, negotiations, due diligence review as well as tax structuring advice.
Strategic Implications for Subsea and Hydrographic Markets
Teledyne Marine will benefit from the acquisition of Valeport by expanding their position in the global subsea instrumentation market, adding a strong brand with significant presence across hydrographic survey, port and harbour monitoring, dredging and scientific research applications. Integrating Valeport products alongside existing Teledyne offerings should create opportunities for combined systems sales as well as cross selling for operators operating ocean sciences research facilities offshore energy platforms and coastal infrastructure systems.
Valeport customers should find this move beneficial in maintaining continuity while accessing Teledyne's wider technology base and international support network. In the medium-term, this transaction may facilitate faster development of next generation profiling, water level, and multiparameter sensing solutions as part of Teledyne research and development programs. Within UK maritime technology cluster, this deal underscores specialist regional manufacturers as pillars in global supply chains despite evolving ownership structures with larger industrial groups.