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consisted of three companies in the industrial process control space, one company involved with specialty interconnect de- vices and one in the seismic exploration domain. Beginning in 2001, we began acquiring environmental instrumentation companies, Þ rst in the area of air quality followed by assets serving the water quality markets. So, from environmental water quality entities we naturally gravitated toward acquiring marine instrumentation companies. In 2004 we only had one marine business with year-end revenues of $30M. By 2011 our marine sales had advanced to $373M. So, in just seven years we grew our marine activity more than twelvefold via targeted acquisitions and internal growth. ?Back in 2004, offshore marine represent-ed just under 4% of total sales. In 2011, our marine businesses accounted for 19% of Teledyne?s total revenues.? Jim Davis, SVP, Teledyne Technologies www.seadiscovery.com Marine Technology Reporter 21MTR #7 (18-33).indd 21MTR #7 (18-33).indd 219/10/2012 9:26:11 AM9/10/2012 9:26:11 AM