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Wednesday, January 6, 2021 

Flir Systems, a manufacturer of thermal imaging and night vision equipment used in the maritime industry for SAR, navigation and surveying, has announced that it is being acquired by US group Teledyne Technologies.

The value of the transaction is put at about US$8bn. The Flir Systems product range includes the UK-based Raymarine brand of marine electronics equipment, aimed at the non-SOLAS fishing, small commercial and recreational markets.

Jim Cannon, President and CEO of Flir, said, “We could not be more excited to join forces with Teledyne through this value-creating transaction. Together, we will offer a uniquely complementary end-to-end portfolio of sensory technologies for all key domains and applications across a well-balanced, global customer base.  We are pleased to be partnering with an organization that shares our focus on continuous innovation and operational excellence, and we look forward to working closely with the Teledyne team as we bring our two companies together to capitalize on the important opportunities ahead.”

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