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Teledyne Acquires FLIR for More Than $8 Billion
Author:
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.”