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Business/Financial

Teledyne To Acquire FLIR In $8 Billion Deal That Broadens Sensor Capabilities

By Cal Biesecker

Monday, January 4th, 2021

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Teledyne To Acquire FLIR In $8 Billion Deal That Broadens Sensor Capabilities

FLIR Systems is a developer and provider of thermal imaging cameras and other sensors. High resolution, cooled thermal security cameras shown here. Photo: FLIR

Teledyne Technologies [TDY] on Monday said it has agreed to acquire FLIR Systems [FLIR] in an $8 billion cash and stock deal that adds new sensor technologies in aerospace, defense, commercial and industrial markets with minimal overlap, while also providing it with unmanned systems in air and ground applications. The acquisition is expected to close in mid-2021 subject to approvals by U.S. regulators and shareholders of both companies. The boards of both companies have approved the deal. If the deal…

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