FLIR Systems acquires Armasight for USD41m

FLIR Systems, Inc. (NASDAQ: FLIR) has acquired Armasight, Inc., a developer of precision sporting, hunting, and military optics products, for approximately USD41 million in cash, the company said.

Armasight enables military users to detect, recognize, and identify targets from extreme ranges at any time of day or night. The acquisition will combine FLIR´s existing lines of personal vision systems and thermal weapon sights. The company provides search and rescue, drug interdiction, navigation and transportation safety.

FLIR anticipates this transaction will be neutral to 2016 net earnings and accretive thereafter.

FLIR Systems, Inc. is company that designs, manufactures, and markets sensor systems that enhance perception and awareness. FLIR´s advanced thermal imaging and threat detection systems are used for airborne and ground-based surveillance, thermography and security applications.