Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Digital Imaging, Inc., has acquired Micralyne Inc. (“Micralyne”). Based in Edmonton, Alberta, Canada, Micralyne is a privately-owned foundry providing Micro Electro Mechanical Systems or MEMS devices. In particular, Micralyne possesses unique microfluidic technology for biotech applications, as well as capabilities in non-silicon-based MEMS (e.g. gold, polymers) often required for human body compatibility.
MEMS devices, which contain miniaturized mechanical and electro-mechanical elements, are manufactured using unique microfabrication techniques and process expertise. Through Teledyne DALSA, Teledyne’s existing MEMS foundry in Bromont, Quebec, supplies major companies with high-volume MEMS manufacturing for a wide range of applications including consumables used in life sciences and semiconductor fabrication. In its annual research report, the Status of the MEMS Industry 2019, Yole Développement cited Teledyne DALSA as a leading pure-play foundry for MEMS.
“Micralyne’s technology, processes, and strong product development pipeline ideally complement Teledyne’s state of the art 200 mm (8 inch) manufacturing capability and expertise,” said Robert Mehrabian, Executive Chairman of Teledyne. “The acquisition of Micralyne solidifies Teledyne as the number one independent multi-product MEMS foundry in the world.”