M&A Deal Summary

FLIR Systems Acquires Traficon International NV

On December 28, 2012, FLIR Systems acquired safety/security company Traficon International NV from Indufin for 46M USD

Acquisition Highlights
  • This is FLIR Systems’ 1st transaction in the Safety/Security sector.
  • This is FLIR Systems’ 11th largest (disclosed) transaction.
  • This is FLIR Systems’ 1st transaction in Belgium.

M&A Deal Summary

Date 2012-12-28
Target Traficon International NV
Sector Safety/Security
Buyer(s) FLIR Systems
Sellers(s) Indufin
Deal Type Add-on Acquisition
Deal Value 46M USD

Target

Traficon International NV

Wevelgem, Belgium
website
Traficon International NV is the worldwide leader in traffic detection based on video image processing in order to enhance safety and mobility. A video detection technologies for traffic applications.

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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 14 of 26
Sector (Safety/Security) 1 of 2
Type (Add-on Acquisition) 10 of 18
Country (Belgium) 1 of 1
Year (2012) 2 of 2
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 LOREX Technology

Markham, Ontario, Canada

LOREX Technology understand this and have positioned our organization to be your choice and partner as a security solutions provider. LOREX is a global leader in the video surveillance market space, providing leading edge connected video security cameras and monitoring systems. Ensuring that your home and business is safe is critical; and the need for awareness and connectivity to protect your family, property and other things that matter most have become a way of life. Loss Prevention is now an everyday way of how we think and act at home and business.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Digimerge Technologies

Mississauga, Ontario, Canada

Digimerge Technologies, Inc. is a developer and manufacturer of high performance DVRs and Cameras for the Professional Security Integration

Buy -

Seller(S) 1

SELLER

Indufin

Heverlee, Belgium

Investor Investor

website


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Indufin SA is a private equity firm focused on middle market companies throughout Belgium and Luxembourg. The Firm targets profitable, growing companies with proven track records. Indufin looks to invest €5 to €15 million in businesses with stable cash flows and strong opportunities for growth with and EBITDA of minimum €2 million. The Firm will consider both majority and significant minority positions. Prospective transaction situation include MBOs, MBIs, and growth capital financings. Indufin was formed in 2001 and is based in Heverlee, Belgium.


DEAL STATS #
Overall 3 of 8
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Belgium) 3 of 6
Year (2012) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-15 Vemedia

Kortrijk, Belgium

Vemedia is a producer and distributor of over the counter (OTC) drugs, food supplements and medical devices. Vemedia was established in 2002 and is headquartered in Kortrijk, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-21 SecureLink NV

Sliedrecht, Netherlands

SecureLink NV is one of the largest independent cybersecurity services providers in Europe, with on-the-ground presences in Sweden, Belgium, the Netherlands, the UK, Germany, Denmark and Norway. Founded in 2003, SecureLink provides a full range of cybersecurity services to support its clients. Its offering includes specialized security consulting, security maintenance and support with 24/7 service desks (SOCs) as well as advanced managed detection and response capabilities (MDR).

Buy -