M&A Deal Summary

Teledyne Technologies Acquires FLIR Systems

On January 4, 2021, Teledyne Technologies, Inc. acquired electronics company FLIR Systems, Inc. for 8.0B USD

Acquisition Highlights
  • This is Teledyne Technologies’ 9th transaction in the Electronics sector.
  • This is Teledyne Technologies’ 1st largest (disclosed) transaction.
  • This is Teledyne Technologies’ 27th transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in Oregon.

M&A Deal Summary

Date 2021-01-04
Target FLIR Systems, Inc.
Sector Electronics
Buyer(s) Teledyne Technologies, Inc.
Deal Type Add-on Acquisition
Deal Value 8.0B USD
Advisor(s) Goldman Sachs Investment Banking Division (Financial)
Hogan Lovells (Legal)

Target

FLIR Systems, Inc.

Wilsonville, Oregon, United States
website
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.

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Buyer(S) 1

Buyer

Teledyne Technologies, Inc.

Thousand Oaks, California, United States

website


Category Company
Founded 1960
SectorTest/Measurement Equipment
Employees10,670
Revenue 3.1B USD (2020)
DESCRIPTION
Entrance to Teledyne's corporate campus in Thousand Oaks, California.
Entrance to Teledyne's corporate campus in Thousand Oaks, California.

Teledyne Technologies provides enabling technologies for the deepwater oil and gas exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging markets. The Company's products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, digital imaging sensors and cameras, aircraft information management systems, and defense electronic and satellite communication subsystems. Teledyne also supplies engineered systems for defense, space, environmental and energy applications. Teledyne Technologies was established in 1960 and is based in Thousand Oaks, California.


DEAL STATS #
Overall 41 of 41
Sector (Electronics) 9 of 9
Type (Add-on Acquisition) 31 of 31
State (Oregon) 1 of 1
Country (United States) 27 of 27
Year (2021) 1 of 1
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Micralyne, Inc.

Edmonton, Alberta, Canada

Micralyne, Inc.is a manufacturer of microfabricated and MEMS products for communications, energy, life sciences, and transportation markets. Micralyne is based in Edmonton, Alberta.

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