M&A Deal Summary

FLIR Systems Acquires Point Grey Research

On November 4, 2016, FLIR Systems acquired technology hardware company Point Grey Research for 259M USD

Acquisition Highlights
  • This is FLIR Systems’ 5th transaction in the Technology Hardware sector.
  • This is FLIR Systems’ 3rd largest (disclosed) transaction.
  • This is FLIR Systems’ 3rd transaction in Canada.
  • This is FLIR Systems’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2016-11-04
Target Point Grey Research
Sector Technology Hardware
Buyer(s) FLIR Systems
Deal Type Add-on Acquisition
Deal Value 259M USD

Target

Point Grey Research

Richmond, British Columbia, Canada
Point Grey Research, Inc. is a designer and manufacturer of high performance digital cameras for industrial, medical and life science, traffic, biometric, GIS, and people counting applications.

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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 20 of 26
Sector (Technology Hardware) 5 of 9
Type (Add-on Acquisition) 14 of 18
State (British Columbia) 1 of 1
Country (Canada) 3 of 4
Year (2016) 2 of 3
Size (of disclosed) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Armasight

San Francisco, California, United States

Armasight, Inc. is a provider of night vision, thermal, and daylight imaging products for hunters, outdoor enthusiasts, law enforcement, and military customers. Armasight develops and distributes a wide range of rifle scopes, spotting scopes, binoculars, goggles, and illuminating tools that improve safety and the enjoyment of the outdoors as well as enable military users to detect, recognize, and identify targets from extreme ranges at any time of day or night.

Buy $41M
FOLLOWING 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
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