Jan. 12, 2021
News

Teledyne to pay 8 billion dollars for Flir

Billion-dollar deal in machine vision

  • Teledyne Technologies acquires thermal imaging camera manufacturer Flir for around 8 billion US dollars. (Photo: Flir)Teledyne Technologies acquires thermal imaging camera manufacturer Flir for around 8 billion US dollars. (Photo: Flir)

Teledyne Technologies plans to buy Flir Systems, a company known for its thermal imaging cameras, for around 8 billion US dollars in cash and shares. The two companies signed an agreement to this effect at the beginning of January 2021. The transaction is expected to be completed by the middle of the year, provided the authorities and shareholders approve.

Robert Mehrabian, Executive Chairman of Teledyne, explains the reasons for the billion-dollar acquisition: "The core of both our companies are proprietary sensor technologies. Our business models are also similar: we each offer sensors, cameras and sensor systems to our customers. However, our technologies and products are uniquely complementary with minimal overlap, as our image sensors are based on different semiconductor technologies for different wavelengths."

Teledyne Technologies generated revenue of approximately $3.1 billion in fiscal 2020 and employed approximately 11,800 people in 2019. The Digital Imaging business combines Teledyne Dalsa, e2v and ICM, among others.

Flir Systems achieved sales of approximately $1.9 billion in fiscal 2019 and employed nearly 4,300 people.

Contact

Teledyne Imaging Group
McCaffrey 880
H4T2C7 St. Laurent, QC
Canada
Phone: +1 /514/333-3297
Telefax: +1 /514/333-1388
Teledyne Dalsa
605 McMurray Road
N2V 2E9 Waterloo, ON
Canada
Phone: +1 519 886 6000
Telefax: +1 519 886 8023
*Flir Systems, Inc.
27700 SW Parkway Ave
97070 Wilsonville, OR
USA
Phone: +1 503 498 3547

Register now!

The latest information directly via newsletter.

To prevent automated spam submissions leave this field empty.