FLIR makes $20M buy
PORTLAND, Ore.—Thermal-imaging camera manufacturer FLIR Systems announced Dec. 28 that it paid $20 million cash for the stock of Directed Perception, a provider of pan-tilt motion control systems for commercial and military markets.
Directed Perception, based in Burlingame, Calif. makes high-performance pan-tilts in security and surveillance, maritime, military, robotics, and scientific instruments markets. The company expects to offer commercial and military customers lower cost, improved functionality and better ease-of-use as a result of the buy.
“The acquisition of Directed Perception expands FLIR’s capabilities into a key enabling technology. Its technology can be integrated into many of our existing pan-tilt-zoom systems and has significant potential for future low-cost integrated solutions,” said Earl Lewis, president and CEO of FLIR, in a prepared statement. “We welcome Directed Perception’s skilled and experienced team to FLIR.”
Directed Perception has been re-named FLIR Motion Control Systems; it will be part of FLIR’s commercial systems division. FLIR expects the transaction will “be neutral to 2010 net earnings and accretive thereafter.”