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Acquisition Presentation - Teledyne Technologies
Acquisition Presentation - Teledyne Technologies
Acquisition Presentation - Teledyne Technologies
Agenda
1. Current situation 2. Acquisition target 3. External environment 4. Opportunity analysis 5. Acquisition strategy 6. Questions
Threat of corporate raiders Excess cash Declining stock prices Changing industries
Strategic Decision
Invest in commodities and oil/gas
Demonstrate strategic management Decrease threat posed by corporate raiders Benefit from synergies Increase financial stability
Introducing...
Teledyne
Teledyne provides enabling technologies for industrial growth markets.
Businesses
Percent of Sales 2012
Instrumentation - 35% Aerospace and Defense - 31% Digital Imaging - 20% Engineered Systems- 14%
Instrumentation
Teledyne Instruments provides innovative measurement devices to: Monitor critical manufacturing processes Improve productivity Facilitate energy exploration Protect the environment
Products
Segment growth
Digital Imaging
High performance sensors Cameras X-Ray materials Software Infared detectors
Products
Segment Growth
Products
Segment growth
Engineered Systems
Missile defense Fuel cell systems Turbine engines Nuclear waste storage Space components
Products
Segment Growth
Strategic Acquisitions
2008-2012
Total Acquired: 17 Total Divested: 2 Inst. (8) A&D (3) DI (6)
Historic - 5 years
Industry
Industry Definition
Industrial Goods
Industries served include:
Defense Manufacturing Medical Scientific research Exploration Agriculture Energy
5 Forces
PEST
Beijing
Environmental
Sociocultural
Technological
Competitors
Comparative Financials
Key Financial Statistics Teledyne Northrop Grumman Meggit PLC
Mkt Cap
2.92B
17.10B
3.70B
7.71%
7.84%
15.15%
19.60%
-0.50%
3%
Current Ratio
1.83
1.39
1.2
P/E Ratio
15.99
9.28
15.42
Historical Comparative
Okay...so what?
BCG
SWOT
IE + Teledyne
WHY Teledyne?
Acquisition Strategy
IE should execute a complete acquisition of Acquisition Strategy Teledyne Technologies
Market Cap - $2.92B at a 25% premium
Total Acquisition Cost: of $3.55 B
After acquisition
Monitor declining segments
Looking Forward...
Thank you!