M&A Deal Summary

FLIR Systems Acquires Extech Instruments

On October 26, 2007, FLIR Systems acquired test/measurement equipment company Extech Instruments for 40M USD

Acquisition Highlights
  • This is FLIR Systems’ 1st transaction in the Test/Measurement Equipment sector.
  • This is FLIR Systems’ 13th largest (disclosed) transaction.
  • This is FLIR Systems’ 4th transaction in the United States.
  • This is FLIR Systems’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2007-10-26
Target Extech Instruments
Sector Test/Measurement Equipment
Buyer(s) FLIR Systems
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Extech Instruments

Waltham, Massachusetts, United States
website
Extech Instruments Corporation is a privately held corporation whose high- value, handheld test instruments are sold through a network of national catalog houses, regional stocking distributors, and international master distributors. The company has become one of the largest manufacturers and suppliers of test equipment and portable printers, and the Extech Instruments brand is highly regarded in many industries where it is recognized as the brand of choice.

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Buyer(S) 1

Buyer

FLIR Systems

Wilsonville, Oregon, United States

website

Category Company
Founded 1978
Sector Electronics
Employees4,265
Revenue 1.9B USD (2019)
DESCRIPTION

FLIR Systems is a maker of sensor systems that enhance perception and heighten awareness. FLIR Systems leverages thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. FLIR Systems was formed in 1978 and is based in Wilsonville, Oregon.

DEAL STATS #
Overall 6 of 26
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 18
State (Massachusetts) 2 of 4
Country (United States) 4 of 16
Year (2007) 2 of 2
Size (of disclosed) 13 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 Cedip Infrared Systems SA

Croissy Beaubourg, France

Cedip Infrared Systems SA provides infrared imaging cameras and systems to industrial, research, medical, and defense organizations worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-08 Ifara Tecnologias S.L.

Alcobendas, Spain

Ifara Tecnologias, S.L. is a provider of middleware and client application software used to create sensor networks. Ifara develops software technology, hardware, and developer tools used for the creation and maintenance of sensor networks for applications such as security and surveillance, force protection, reconnaissance, and maritime. Ifara's middleware sensor platform, known as Nexus, is a turnkey solution based on an open, modular and flexible architecture. Nexus offers connectivity and integrated control of a variety of different sensors, including thermal and CCTV cameras, fence and ground sensors, alarm contacts, UAVs and radars. With Ifara's technology, FLIR will be able to provide its customers with the capability to easily and seamlessly integrate a wide variety of sensors as required for any given project.

Buy €7M
Mergr

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