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Business/Financial

FLIR Closes Deal For Endeavor Robotics

By Cal Biesecker

Monday, March 4th, 2019

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FLIR Closes Deal For Endeavor Robotics

Endeavor Robotics' Scorpion multipurpose unmanned ground vehicle is a finalist for the Army's Common Robotic System-Individual. Photo: Endeavor

FLIR Systems [FLIR] on Monday said it has completed its $382 million cash acquisition of Endeavor Robotics, giving it an entrée into the unmanned ground vehicle (UGV) space. The purchase price is $3 million less than what FLIR said when it announced in February the agreement to acquire Endeavor from the private equity firm Arlington Capital Partners, which acquired the defense business of iRobot [IRBT] in April 2016 for about $45 million and renamed it Endeavor Robotics. “With the addition…

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