Teledyne Acquires FLIR for More Than $8 Billion
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May 19, 2021
Teledyne Technologies announced that it acquired FLIR Systems in a stock and cash transaction totaling approximately $8.2 billion, including net debt.
The deal was approved and adopted at stockholder meetings held by each company. FLIR will be part of Teledyne’s Digital Imaging segment under the name Teledyne FLIR.
“As a combined company, Teledyne FLIR will uniquely provide a full spectrum of imaging technologies and products spanning X-ray through infrared and from components to complete imaging systems,” Teledyne executive chairman Robert Mehrabian
said in a statement. “Teledyne FLIR will also provide a complete range of unmanned systems and imaging payload across all domains ranging from deep sea to deep space.”
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est and Measurement Equipment Market Size has been estimated to reach USD 28.6 billion in 2021 and is projected to grow at a CAGR of 4.0% during the forecast period till 2030.
The test and measurement equipment refers to a device used to stimulate actual inputs to a system under test. They assist the designer to test the real life condition simulations. Various equipment used in a wide variety of applications are electronic test equipment, material testing equipment, laboratory test equipment, measuring microscope, particle analysis, and others.
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The following factors are considered while choosing right measurement equipment - cost & portability, type of material being tested, and which properties need to be measured. For instance, to measure mechanical properties of manufactured products, the key characteristics tested are hardness, friction, fatigue, compression, impact, and others.
Teledyne CML Composites has invested to build a new thermoplastic processing cell with increased capacity.
The subsidiary of Teledyne Technologies Inc. in Thousand Oaks is a manufacturer of composite aerospace components for commercial and defense customers.
The new processing cell, developed in conjunction with the U.K.’s National Composites Centre or NCC, utilizes two press and oven systems with infrared heating, platen heating and a maximum force of 400 tons. The cell is capable of processing multiple reinforced thermoplastics, each with different melting and cooling temperatures.
“Having identified thermoplastics as a key technology in our long-term growth ambitions, this investment adds an exciting new automated manufacturing capability to our business,” John Toner, vice president of Teledyne Aerospace and Defence Electronics UK (and general manager of Teledyne CML Composites, said in a statement.