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  5. FLIR Systems Acquires Prox Dynamics AS

M&A Deal Summary

FLIR Systems Acquires Prox Dynamics AS

On November 30, 2016, FLIR Systems acquired technology hardware company Prox Dynamics AS for 134M USD

Acquisition Highlights
  • This is FLIR Systems’ 6th transaction in the Technology Hardware sector.
  • This is FLIR Systems’ 7th largest (disclosed) transaction.
  • This is FLIR Systems’ 1st transaction in Norway.

M&A Deal Summary
Date 2016-11-30
Target Prox Dynamics AS
Sector Technology Hardware
Buyer(s) FLIR Systems
Deal Type Add-on Acquisition
Deal Value 134M USD

Target

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.

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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 21 of 26
Sector: Technology Hardware M&A 6 of 9
Type: Add-on Acquisition M&A Deals 15 of 18
Country: Norway M&A 1 of 1
Year: 2016 M&A 3 of 3
Size (of disclosed) 7 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 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.

Buy $259M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 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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