Strengthening imaging sensors portfolio, Teledyne to acquire FLIR Systems
Teledyne Technologies (Thousand Oaks, CA) and FLIR Systems (Arlington, VA) have entered into a definitive agreement under which Teledyne will acquire FLIR for approximately $8.0 billion.
Both companies have proprietary imaging sensor technologies, and each provide sensors, cameras, and sensor systems to their customers. The companies’ technologies and products are complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths, according to Robert Mehrabian, Executive Chairman of Teledyne.
The transaction, which has been approved by the boards of directors of both companies, is expected to close in the middle of 2021 subject to the receipt of required regulatory approvals.
Source: Teledyne Technologies press release – January 4, 2021