Teledyne Technologies Inc. (NYSE:TDY) entered into a definitive agreement to acquire Reson A/S from Dansk Kapitalanlæg II, managed by DKA Capital, LD Equity 2 K/S, managed by Maj Invest Equity, A/S Dansk Erhvervsinvestering and others $69.7 million, net of cash acquired, on January 29, 2013. Reson A/S reported revenues of €50.8 million ($70 million) in 2012. Teledyne will finance the acquisition from borrowings under its credit facility. The Board and the shareholders, Maj Invest Equity, DKA Capital and A/S Dansk Erhvervsinvestering have supported the deal. The closing of the transaction, which is subject to customary conditions, is anticipated to occur in the first quarter of 2013.

Mooreland Partners LLP acted as financial advisor for Reson A/S. Morten Skjønnemand of Gorrissen Federspiel Kierkegaard acted as legal advisor to DKA Capital, Maj Invest Equity and A/S Dansk Erhvervsinvestering. Niels Kornerupof Bech-Bruun Advokatfirma acted as legal advisor to Teledyne Technologies Inc. The conversions were made through www.oanda.com as on December 31, 2012.