Teledyne to buy offshore oil equipment maker for $171M
Banking & Finance, Technology, Tri-County Public CompaniesThousand Oaks-based industrial conglomerate Teledyne Technologies is buying Bolt Technology Corp., a maker of offshore oil exploration equipment, in an all-cash deal valued at $171 million. Teledyne said Sept. 3 that it will pay $22 per share to buy the Connecticut manufacturer. Bolt makes and supplies marine seismic energy products and replacement parts for offshore Read More →
28 tri-county firms rank on 2014 edition of Inc. 5000
Small Business, Technology, Tri-County EconomyTwenty-eight firms based in the Tri-Counties made the 2014 edition of Inc. magazine’s ranking of the fastest-growing private companies in the U.S. This year’s ranking was based on revenue growth between 2010 and 2013. PackIt, a company that makes bags with freezable gel in the linings that keep food and drinks cold for up to Read More →
Stantec to buy tri-county engineering firm Penfield & Smith
Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura CountyStantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →
Amgen seeks approval for new cholesterol drug
Banking & Finance, Technology, Tri-County Public CompaniesAmgen became the first drugmaker to seek U.S. regulatory approval for a new class of cholesterol-lowering treatments after it submitted an application to the Food and Drug Administration on Thursday for evolocumab. Thousand Oaks-based Amgen said the drug works by blocking a naturally occurring protein called PCSK9 that prevents the liver from removing LDL cholesterol, Read More →
QAD’s second-quarter profits drop despite record revenue
Banking & Finance, Personal Finance, South Coast, Technology, Tri-County EconomyShares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the Read More →
50 Fastest-Growing Companies 2014 announced
Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura CountyLearn more about this year’s featured companies and the Sept. 18 awards event.
