M&A Deal Summary

FLIR Systems Acquires Aria Insights

On October 2, 2019, FLIR Systems acquired technology hardware company Aria Insights from Motorola Solutions

Acquisition Highlights
  • This is FLIR Systems’ 9th transaction in the Technology Hardware sector.
  • This is FLIR Systems’ 15th transaction in the United States.
  • This is FLIR Systems’ 4th transaction in Massachusetts.

M&A Deal Summary

Date 2019-10-02
Target Aria Insights
Sector Technology Hardware
Buyer(s) FLIR Systems
Sellers(s) Motorola Solutions
Deal Type Divestiture

Target

Aria Insights

Danvers, Massachusetts, United States
Aria Insights, Inc. is a developer of advanced unmanned aerial vehicles. Aria Insights fuses information across a team of intelligent aerial robots to transform data into actionable insights. Aria Insights, Inc. was founded in 2008 and is based in Danvers, Massachusetts.

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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 25 of 26
Sector (Technology Hardware) 9 of 9
Type (Divestiture) 5 of 5
State (Massachusetts) 4 of 4
Country (United States) 15 of 16
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Endeavor Robotic

Chelmsford, Massachusetts, United States

Endeavor Robotic, Inc. is a provider of ground-based robots to the U.S. Department of Defense. Endeavor Robotic partner with U.S. and international defense forces, law enforcement, energy and industrial users to design and build innovative robotic solutions that support a wide range of missions. Endeavor Robotic, Inc. was founded in 2016 and is based in Chelmsford, Massachusetts.

Buy $385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Providence Photonics

Baton Rouge, Louisiana, United States

Providence Photonics LLC is a developer of advanced software used to quantify invisible gas emissions using FLIR Optical Gas Imaging (OGI) cameras. Providence Photonics specializes in the development and utilization of advanced technology in the field of optical gas imaging while tackling some of the industry’s most challenging environmental and safety problems. Using patented technology, advanced computer vision techniques, and state-of-the-art infrared imagers, they create solutions for several applications, including leak quantification, leak survey validation, autonomous remote leak detection, and flare combustion efficiency monitoring.

Buy -

Seller(S) 1

SELLER

Motorola Solutions

Chicago, Illinois, United States

Category Company
Founded 1928
Sector Technology Hardware
Employees21,000
Revenue 10.0B USD (2023)
DESCRIPTION
Entrance to Motorola Solutions' corporate campus in Schaumburg, Illinois.
Entrance to Motorola Solutions' corporate campus in Schaumburg, Illinois.

Motorola Solutions designs, manufactures, and sells communications infrastructure, devices, system software and applications, and provides services associated with their use. Motorola Solutions was founded in 1928 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 4 of 4
State (Massachusetts) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-11 WatchGuard Video

Allen, Texas, United States

WatchGuard Video is a provider of mobile video solutions. WatchGuard designs and manufactures in-car video systems, body-worn cameras, evidence management systems, and software. Its solutions enable law enforcement users to capture, manage, store and share high-quality video evidence. WatchGuard Video was founded in 2002 and is based in Allen, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 GreenKey Technologies

Chicago, Illinois, United States

GreenKey Technologies LLC is a provider of U.S. public safety command center software natural language processing for domain-specific workflows. GreenKey Technologies is based in Chicago, Illinois.

Buy -