Contrôles Essais Mesures
Wednesday, January 13, 2021
  • Check out the Contrôles Essais Mesures magazine
  • Receive our free newsletter
  • Contact us
  • Item categories
    • Measures
    • Non destructive testing
    • Optical
    • Automatisms
    • Management
  • Market Info
  • Product Info
  • Agenda
  • The market windows
  • Podcasts
    • Metrolaudio
    • Questions de métrologie
    • 3 questions for ...
    • Editos
No result
See all results
  • Item categories
    • Measures
    • Non destructive testing
    • Optical
    • Automatisms
    • Management
  • Market Info
  • Product Info
  • Agenda
  • The market windows
  • Podcasts
    • Metrolaudio
    • Questions de métrologie
    • 3 questions for ...
    • Editos
No result
See all results
Contrôles Essais Mesures
No result
See all results
Home Management

Flir comes under the control of Teledyne

By Contrôles Essais Mesures
January 7, 2021
dans Management, Measures, Optical
Reading time: 2min reading
Infrared flir camera

Teledyne and Flir Systems jointly announced that they have entered into a definitive agreement under which Teledyne will acquire Flir in a cash and equity transaction valued at approximately $ 8 billion.

“ At the heart of both our businesses are proprietary sensor technologies. Our business models are also similar: we each supply sensors, cameras and sensor systems to our customers. However, our technologies and products are only complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths , said Robert Mehrabian, executive chairman of Teledyne. Over the past two decades, Teledyne has demonstrated its ability to combine profit and cash flow in a consistent and predictable manner. With Flir and an optimized capital structure, I am convinced that we will continue to deliver superior returns to our shareholders ”.

“ Flir's commitment to innovation spanning multiple detection technologies has enabled our company to grow into the multi-billion dollar company it is today ,” said Earl Lewis, President of Flir. Thanks to the platform of complementary technologies of our new partner, we will be able to continue this trajectory, offering our employees, customers and shareholders an even more exciting growth dynamic. Our board of directors fully supports this transaction, which brings immediate value and the opportunity to participate in the growth potential of the combined company. "

Jim Cannon, President and CEO of Flir, added, “ We could not be more excited to join forces with Teledyne through this value-creating transaction. Together, we will deliver a unique and complementary end-to-end sensory technology portfolio for all key areas and applications to a well-rounded global customer base. We are pleased to partner with an organization that shares our focus on continuous innovation and operational excellence, and look forward to working closely with the Teledyne team as we bring our two companies together to leverage important opportunities available to us ”.

Under the terms of the agreement, Flir shareholders will receive $ 28 per share in cash and 0.0718 Teledyne common share for each Flir share, implying a total purchase price of $ 56 per Flir share based on the terms of the agreement. of Teledyne's 5-day volume weighted average price as of December 31, 2020. The transaction reflects a 40% premium for Flir shareholders based on Flir's 30-day volume weighted average price as of December 31, 2020 2020.

www.flir.fr
www.teledyne.com

Labels: Market Info
Previous article

Offer thermal expertise to broader markets

Next article

A simple sensor solution for automated quality control

Related articles

Simultaneous holding of Measurement World, CIM and Global Industrie in Lyon, from September 7 to 10, 2021
Measures

Simultaneous holding of Measurement World, CIM and Global Industrie in Lyon, from September 7 to 10, 2021

Marked by the government's strong desire for economic recovery and industrial reconquest, GL events is pooling its strengths by bringing together two international industrial meetings, from September 7 to 10 ...

By Contrôles Essais Mesures
January 11, 2021
Global Industrie announces a relaunch program and postpones its Lyon edition
Non destructive testing

Global Industrie announces a relaunch program and postpones its Lyon edition

In the wake of the government's recovery plan, Global Industrie is setting up in January 2021 a daring long-term program: GI Booster de Relance. The goal...

By Contrôles Essais Mesures
January 11, 2021
A simple sensor solution for automated quality control
Optical

A simple sensor solution for automated quality control

Sick offers a simple solution to ensure good quality in industrial automation with its new all-in-one vision sensors Quality Inspection SensorApp and InspectorP62x. The SensorApp is pre-installed on ...

By Contrôles Essais Mesures
January 11, 2021
Offer thermal expertise to broader markets
Optical

Offer thermal expertise to broader markets

New to the market, HikMicro uses thermal technology to help the world see in a new way. Thermal technology can detect more than the average visual camera ....

By Contrôles Essais Mesures
January 7, 2021
A new compact thermal camera
Optical

A new compact thermal camera

It is essential for property managers, facility maintenance personnel, building inspectors, contractors, electricians, service technicians, plumbers and even ...

By Contrôles Essais Mesures
January 5, 2021
A combined analysis of silica and phosphate
Measures

A combined analysis of silica and phosphate

Mettler Toledo Thornton launches next-generation silica analyzer that increases productivity with combined measurement technology the company calls “revolutionary.” The 2850Si is it ...

By Contrôles Essais Mesures
January 4, 2021
Next article
A simple sensor solution for automated quality control

A simple sensor solution for automated quality control

Publicity

publicity
MEASURES SOLUTIONS EXPO LYON - Metrology

The market windows

You have loved

  • Altifort Innovatech public auction

    Altifort Innovatech public auction

    0 shares
    Share 0 Tweet 0
  • [podcast] The basic concepts and principles of metrology

    0 shares
    Share 0 Tweet 0
  • The first industrial quantum sensor

    0 shares
    Share 0 Tweet 0
  • Patrick Teixeira, Business Manager of the Industry division of SGS France

    0 shares
    Share 0 Tweet 0
  • A new generation of entry-level multi-sensor coordinate measuring machines

    0 shares
    Share 0 Tweet 0

Newsletter

Receive free and at each publication the information from the site Contrôles Essais Mesures

Check your inbox or spam folder to confirm your subscription.

Our partners

Contrôles Essais Mesures

© 2020 Contrôles Essais Mesures, the technology and application review for laboratories and industry.

You want ?

  • Contact
  • Who are we ?
  • Become an advertiser
  • Sitemap
  • Legal Notice
  • Data protection
  • Unsubscribe from the newsletter

Follow us

No result
See all results
  • Item categories
    • Measures
    • Non destructive testing
    • Optical
    • Automatisms
    • Management
  • Magazine
    • Presentation
    • Kit media 2021
  • Agenda
  • The market windows
  • Podcasts
    • Metrolaudio
    • Questions de métrologie
    • 3 questions for ...
    • Editos
  • Contact

© 2020 Contrôles Essais Mesures, the technology and application review for laboratories and industry.

This website uses cookies. You can visit our personal data protection policy to find out more .
X