Teledyne Technologies acquires Flir Systems
Information from Teledyne
Teledyne Technologies has completed the acquisition of Flir Systems. Flir will now be included in Teledyne’s Digital Imaging segment and operate under the name Teledyne FLIR. The aggregate consideration for the transaction was approximately $8.2 billion, including net debt.
“As a combined company, Teledyne Flir will uniquely provide a full spectrum of imaging technologies and products spanning X-ray through infrared and from components to complete imaging systems,” said Robert Mehrabian, executive chairman of Teledyne. “Teledyne Flir will also provide a complete range of unmanned systems and imaging payload across all domains ranging from deep sea to deep space.”
Teledyne announced the following executive promotions: Edwin Roks, current vice president of Teledyne and president of Teledyne’s Digital Imaging Segment, is now executive vice president of Teledyne. Roks will continue to serve as president of the Digital Imaging Segment, which now includes Teledyne Flir. In addition, Todd Booth is promoted to senior vice president and CFO for the acquired Teledyne Flir group of businesses.