FLIR System, Inc. [FLIR] on Monday said it has acquired DVTEL, Inc., a developer and supplier of software and hardware technologies for video surveillance, enabling the company to be a full-spectrum end-to-end security system provider.
FLIR said it paid $92 million in cash for New Jersey-based DVTEL, adding that the acquisition is expected to be neutral to earnings this year and accretive beginning in 2016.
DVTEL provides integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders.
“FLIR’s strong position in thermal imaging together with DVTEL’s extensive video analytics and VMS capability will position us well to offer differentiated and highly accurate perimeter security solutions for the upper corner of our Security segment’s product value ladder,” Andy Teich, FLIR’s president and CEO, said in a statement. “DVTEL adds a suite of professional-grade security software and hardware that is very complementary to our current solutions and fits very well with our strategy to offer end-to-end solutions in the enterprise and infrastructure segments of the security market.”
DVTEL’s technologies are deployed in a wide range of critical infrastructures, including airports, seaports and terminals, power and water utilities, safe city applications in Boston, Los Angeles and elsewhere, as well as commercial and industrial facilities, casinos and universities.