OTTAWA (dpa-AFX) - Teledyne Technologies Incorporated (TDY) and Firan Technology Group Corporation (FTG.TO) announced an agreement to sell assets of Teledyne's printed circuit technology business to FTG Circuits Inc., a California corporation, and subsidiary of FTG, for $9.3 million in cash.
'The divesture of Teledyne PCT is consistent with Teledyne's ongoing evolution and focus on high-technology, proprietary engineered products,' said Robert Mehrabian, CEO of Teledyne.
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