Industrial sensor large Teledyne is about to accumulate sensing firm FLIR in a deal valued at round $8 billion in a mixture of inventory and money, pending approvals with an anticipated deadline someday in the midst of this 12 months. Whereas each corporations make sensors, aimed primarily at industrial and business prospects, they really give attention to completely different specialties that Teledyne mentioned in a press release makes FLIR’s enterprise complimentary to, quite than aggressive with, its current choices.
FLIR’s expertise has appeared within the client market through add-on thermal cameras designed for cellular units, together with the iPhone. These are helpful for issues like figuring out the supply of drafts and potential plumbing leaks, however the firm’s primary enterprise, which incorporates not solely thermal imaging, but additionally seen gentle imaging, video analysts and risk detection expertise, serves deep-pocketed prospects together with the aerospace and protection industries.
Teledyne additionally serves aerospace and protection prospects, together with NASA, in addition to healthcare, marine and local weather monitoring businesses. The corporate’s suite of choices embrace seismic sensors, oscilloscopes and different instrumentation, in addition to digital imaging, however FLIR’s merchandise cowl some areas not presently addressed by Teledyne, and in additional depth.