M&A Deal Summary

FLIR Systems Acquires Acyclica

On September 11, 2018, FLIR Systems acquired information technology company Acyclica

Acquisition Highlights
  • This is FLIR Systems’ 3rd transaction in the Information Technology sector.
  • This is FLIR Systems’ 13th transaction in the United States.
  • This is FLIR Systems’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2018-09-11
Target Acyclica
Sector Information Technology
Buyer(s) FLIR Systems
Deal Type Add-on Acquisition

Target

Acyclica

Denver, Colorado, United States
Acyclica, Inc. is a developer of software for automotive roadway and intersection data generation and analysis. Acyclica offers high-resolution, real-time traffic information to transportation department end-users to make roads safer, reduce congestion, and improve overall efficiency and performance of thoroughfares. Acyclica, Inc. was founded in 2011 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

FLIR Systems

Wilsonville, Oregon, United States
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 22 of 26
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 16 of 18
State (Colorado) 2 of 2
Country (United States) 13 of 16
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Prox Dynamics AS

Hvalstad, Norway

Prox Dynamics develops, manufactures, and distributes aerial sensors that are revolutionarily small, light, and covert surveillance systems. Prox Dynamics' Personal Reconnaissance System (PRS) features their Black Hornet aerial sensor and a hand controller, a system that is pocket sized and hand-launched by a soldier in the field, enabling a significant advantage in situational awareness and mission planning. The Black Hornet aerial sensor utilizes FLIR's Lepton micro thermal camera, visible spectrum cameras, advanced low-power rotor technology, and proprietary software for flight control, stabilization, and communications. The Black Hornet helicopter is one of the lightest, stealthiest, and safest drones in the market, offering a highly advanced, lifesaving surveillance solution for traditional military forces and special operations forces. Weighing less than one ounce, the Black Hornet helicopter can fly for up to 25 minutes at line-of-sight distances of up to one mile.

Buy $134M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Aeryon Labs

Waterloo, Ontario, Canada

Aeryon Labs, Inc. is the premier manufacturer of small Unmanned Aerial Systems (sUAS) and mission control software. Aeryon Labs is based in Waterloo, Ontario.

Buy $200M
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