M&A Deal Summary

FLIR Systems Acquires ICx Technologies

On October 4, 2010, FLIR Systems acquired information technology company ICx Technologies from Digital Power Capital for 268M USD

Acquisition Highlights
  • This is FLIR Systems’ 1st transaction in the Information Technology sector.
  • This is FLIR Systems’ 2nd largest (disclosed) transaction.
  • This is FLIR Systems’ 7th transaction in the United States.
  • This is FLIR Systems’ 1st transaction in Virginia.

M&A Deal Summary

Date 2010-10-04
Target ICx Technologies
Sector Information Technology
Buyer(s) FLIR Systems
Sellers(s) Digital Power Capital
Deal Type Merger
Deal Value 268M USD

Target

ICx Technologies

Arlington, Virginia, United States
website
ICx Technologies provides services in the development and integration of advanced sensor technologies for homeland security, force protection and commercial applications. Its proprietary sensors detect and identify chemical, biological, radiological, nuclear and explosive threats, and deliver superior awareness and actionable intelligence for wide-area surveillance, intrusion detection and facility security.

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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 11 of 26
Sector (Information Technology) 1 of 3
Type (Merger) 2 of 2
State (Virginia) 1 of 1
Country (United States) 7 of 16
Year (2010) 2 of 2
Size (of disclosed) 2 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-14 Raymarine Holdings

Portsmouth, United Kingdom

Raymarine Holdings Ltd. is a provider of electronic equipment for the recreational boating and light commercial marine markets.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Aerius Photonics

Ventura, California, United States

Aerius Photonics LLC, a provider of short-wavelength infrared (SWIR) detectors and laser components.

Buy $27M

Seller(S) 1

SELLER

Digital Power Capital

Greenwich, Connecticut, United States

website


Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Focused
DESCRIPTION

Digital Power Capital LLC (DPC) is a private equity firm focused on 'new technologies that arise from the convergence of power and the tools, materials and software of the digital age'. DPC's three sectors of interest include 1) emerging alternative energy technologies for energy production, control, transmission, and storage, 2) next generation semiconductor materials and devices that enable new capabilities in using and manipulating energy and power, and 3) security technologies and systems that enable effective security in civilian and military applications. DPC typically invests between $5 and $60 million per transaction and will consider businesses at all stages of development. Digital Power Capital LLC was formed in 2001 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-18 EDSA Micro

San Diego, California, United States

EDSA Micro is a provider of software for real-time electric power system 'health' and security. EDSA Micro is based in San Diego, California.

Buy -