Teledyne Acquires Majority Interest In Noiseless Acoustics For Undisclosed Terms

RTTNews | 1205 days ago
Teledyne Acquires Majority Interest In Noiseless Acoustics For Undisclosed Terms

(RTTNews) - Teledyne Technologies Inc. (TDY) announced Friday that it has acquired a majority interest in Noiseless Acoustics Oy. Terms of the transaction were not disclosed.

Helsinki, Finland-based Noiseless Acoustics designs and manufactures acoustics imaging instruments and predictive maintenance solutions.

Noiseless Acoustics' camera products combined with advanced analytics provide easy-to-use advanced imaging and monitoring solutions. Users can detect critical problems and make intelligent maintenance decisions in multiple applications, such as electric power distribution, compressed air systems and factory condition monitoring.

Kai Saksela and Jonas Nyberg, who founded Noiseless Acoustics in 2015, will retain a minority stake in the business and continue in their current executive leadership roles with the company.

read more
Swiss Market Settles Moderately Lower

Swiss Market Settles Moderately Lower

The Switzerland market ended weak on Friday, in line with markets across Europe, as investors chose to trim down positions at several counters, continuing to react to earnings updates and assessing the developments on the trade front.
RTTNews | 21h 16min ago
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European markets closed weak on Friday, as investors reacted to a slew of earnings updates, regional economic data, and continued to assess the recent policy announcements from major central banks, and the developments on the trade front.
RTTNews | 21h 39min ago
Chicago Business Barometer Climbs More Than Expected But Still Indicates Contraction

Chicago Business Barometer Climbs More Than Expected But Still Indicates Contraction

A reading on Chicago-area business activity increased by more than expected in the month of October but continued to indicate contraction, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer climbed to 43.8 in October after slipping to 40.6 in September. Economists had expected the index to show a more modest increase to 42.3.
RTTNews | 1 day ago
Eurozone Inflation Softens On Energy Prices

Eurozone Inflation Softens On Energy Prices

Eurozone inflation softened in October largely due to the fall in energy prices, while core consumer prices registered a steady growth, official data revealed Friday. The harmonized index of consumer prices rose 2.1 percent on a yearly basis, following a 2.2 percent rise in September, flash estimate from Eurostat showed. Inflation came in line with expectations.
RTTNews | 1 day ago