Teledyne is buying FLIR to create a super-sized sensor shop with thermal and laser vision
Industrial sensor giant Teledyne will acquire FLIR, an Oregon-based company that makes thermal-imaging and night vision technology, the companies announced Monday. The deal is worth $8 billion in a mix of cash and stock.
At the core of both our companies is proprietary sensor technologies. Our business models are also similar: we each provide sensors, cameras and sensor systems to our customers," Teledyne chairman Robert Mehrabian said in a statement. The companies' sensors are uniquely complementary, with minimal overlap," he added, which could be important when regulators decide whether to approve the acquisition.
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Oregon-based FLIR makes thermal-imaging and night-vision technology for the military and...