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FLIR Acquires Optics Provider Armasight

Cal Biesecker By
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FLIR Acquires Optics Provider Armasight
Armasight's Orion night vision rifle scope retails for $499.00. Photo: FLIR

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…

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