Teledyne acquiring flir for $8b in major merger

Teledyne Technologies has agreed to acquire FLIR Systems in an $8 billion cash-and-stock deal. Both companies make cameras, sensor systems and unmanned systems, among other products. The transaction is subject to regulatory approval and is expected to close in mid-2021. It would be Teledyne’s biggest acquisition ever.

A breakdown of the complementary sensor offerings from FLIR and Teledyne. | Credit: Teledyne

FLIR is more than a sensor maker

FLIR acquired Altavian, a privately-held manufacturer of small unmanned aerial systems for defense and public safety. In January 2019, FLIR acquired Aeryon Labs, a leading developer of aerial drones for the global military, public safety, and critical infrastructure markets. Endeavor Robotics won a five-year contract from the U.S. Army to modernize and maintain its existing fleet of robots.

Providing thermal cameras for Zoox’s robotaxis

FLIR’s Boson thermal imaging cameras are used in Zoox’s bidirectional robotaxis. Zoox was acquired by Amazon in 2020 for $1.2 billion. Thermal cameras can detect and classify roadway objects in challenging lighting conditions both during the day and night.

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