FLIR Systems acquires Directed Perception
December 30, 2009--FLIR Systems, Inc. (Portland, OR) has acquired the stock of Directed Perception, Inc. (Burlingame, CA), a provider of pan-tilt motion control systems for commercial and military markets, for $20 million cash.
December 30, 2009--FLIR Systems (Portland, OR) has acquired the stock of Directed Perception (Burlingame, CA), a provider of pan-tilt motion control systems for commercial and military markets, for $20 million cash.
Directed Perception's products are used for security and surveillance, maritime, the military, robotics, and scientific instruments; the company's pan-tilt systems support payloads ranging from 6 to 90 pounds. The products will be used in FLIR's pan-tilt-zoom camera systems for both commercial and military markets. The technology "can be integrated into many of our existing pan-tilt-zoom systems and has significant potential for future low-cost integrated solutions," said Earl Lewis, president and CEO of FLIR.
Upon closing, Directed Perception has been re-named FLIR Motion Control Systems and will operate as a part of FLIR's Commercial Systems division. FLIR anticipates this transaction will be neutral to 2010 net earnings and accretive thereafter.
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--posted by John Wallace, johnw@pennwell.com
www.laserfocusworld.com
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