M&A Deal Summary

FLIR Systems Acquires Tessera s - Micro-Optics Business

On August 12, 2013, FLIR Systems acquired technology hardware company Tessera s - Micro-Optics Business from Adeia for 15M USD

Acquisition Highlights
  • This is FLIR Systems’ 4th transaction in the Technology Hardware sector.
  • This is FLIR Systems’ 17th largest (disclosed) transaction.
  • This is FLIR Systems’ 10th transaction in the United States.
  • This is FLIR Systems’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2013-08-12
Target Tessera s - Micro-Optics Business
Sector Technology Hardware
Buyer(s) FLIR Systems
Sellers(s) Adeia
Deal Type Divestiture
Deal Value 15M USD

Target

Tessera s - Micro-Optics Business

Charlotte, North Carolina, United States
Tessera's - Micro-Optics Business is a developer of optical zoom and digital auto-focus solutions for camera.

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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 17 of 26
Sector (Technology Hardware) 4 of 9
Type (Divestiture) 4 of 5
State (North Carolina) 2 of 2
Country (United States) 10 of 16
Year (2013) 3 of 3
Size (of disclosed) 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-12 DigitalOptics - Micro-Optics Assets

Charlotte, North Carolina, United States

DigitalOptics - Micro-Optics Assets is a fabricator of wafer-scale specialty optics products, including lenses, lens arrays, optical receivers and transceivers, and various infrared optical components. These high volume, low cost optics technologies are used in a wide array of industries and applications, including security, surveillance, photolithography, data communications, laser-based medical equipment, and 3D gesture recognition.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 DVTel

Ridgefield Park, New Jersey, United States

DVTel, Inc. is a provider of enterprise-class security and surveillance solution. DVTel develops and distributes integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders.

Buy $92M

Seller(S) 1

SELLER

Adeia

San Jose, California, United States
Category Company
Sector Information Technology
Employees135
Revenue 389M USD (2023)
DESCRIPTION

Adeia is one of the product and technology licensing companies and its technologies and intellectual property are deployed in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging. Adeia is based in San Jose, California.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 Siimpel

Arcadia, California, United States

Siimpel's MEMS-based auto focus solutions are expected to drive new levels of power, size and performance of digital cameras for cell phones and other camera-enabled devices. The company has 65 patents and patent applications for its technology.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-27 Ziptronix

Morrisville, North Carolina, United States

Ziptronix, Inc. is a developer of next-generation semiconductor integration strategies and processes.

Buy $39M
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