FLIR Systems [FLIR] said on Tuesday evening that it has acquired Armasight, Inc., a provider of precision optics for sporting, hunting, law enforcement and military uses, for $41 million in cash.
FLIR said the acquisition is expected to be neutral to its earnings in 2016 and accretive thereafter.
FLIR said the acquisition will enhance its recreational and tactical scopes and sights business by combining its existing Personal Vision Systems and Thermal Weapon Sights with Armasight’s products.
Armasight, which is based in California, makes and supplies night vision, digital night vision, thermal imaging, direct view, and illumination systems. The company’s products include rifle scopes, sporting scopes, binoculars, goggles, and illumination tools.
“The addition of Armasight to our existing scopes and sights business provides us with meaningful additional scale and injects additional market expertise to better serve the growing hunting and military scopes markets,” Andy Teich, president and CEO of FLIR, said in a statement. “We are pleased to welcome this talented team in further leveraging FLIR’s established channels into global military and law enforcement customers, as well as utilize our advanced thermal sensor development and vertically-integrated production capabilities to advance their products and reduce costs.”
The combined business lines will be named FLIR Outdoor and Tactical Systems within FLIR’s Surveillance segment.