Teledyne Technologies acquires Xena Networks
Teledyne Technologies has acquired the entire share capital of Xena Networks ApS from the existing shareholders, VN Group Holding ApS, Maj Invest Holding A/S, Rytme ApS, Togu ApS, and MST Finance & Consult ApS and other minority shareholders. Plesner acted as legal counsel to Teledyne Technologies on the transaction.
Xena Networks ApS is a leading provider of high-speed Terabit Ethernet validation, quality assurance, and production test solutions, which offer in-depth Ethernet link training and auto negotiation test capabilities for next generation Terabit Ethernet products.
Teledyne LeCroy, a Teledyne group company, is a leading manufacturer of advanced protocol analyzers, oscilloscopes, and other test instruments that verify performance, validate compliance, and debug complex electronic systems quickly and thoroughly.
The acquisition will further establish Teledyne's leadership in the protocol test market, extending Teledyne's reach to Ethernet system validation engineers, quality assurance labs, and production lines for test, evaluation, and acceptance of Ethernet components and systems.
The transaction was completed on 13 October 2023.
Plesner's core M&A team on the transaction was Hans Hedegaard, Martin Anton Svarrer, Nina Charlotte Vestergaard, Jonas Arresteen Hartwig and Morten Boesgaard.
