Teledyne and Flir Systems have jointly announced that they have entered into a definitive agreement under which Teledyne will acquire Flir in a cash and stock transaction valued at approximately $8 billion.<\/p>
\" At the heart of our two companies are proprietary sensor technologies. Our business models are also similar: we each provide sensors, cameras, and sensor systems to our customers. However, our technologies and products are uniquely complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths.<\/em>, said Robert Mehrabian, Teledyne's executive chairman. For two decades, Teledyne has demonstrated its ability to consistently and predictably combine earnings and cash flow. With Flir and an optimized capital structure, I am confident that we will continue to deliver superior returns to our shareholders.<\/em> \".<\/p> \" Flir's commitment to innovation across multiple sensing technologies has enabled our company to become the multi-billion dollar company it is today<\/em>\", said Earl Lewis, president of Flir. Thanks to our new partner's complementary technology platform, 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 combined company's growth potential. <\/em>\"<\/p> 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 offer a unique and complementary end-to-end sensing technologies portfolio across all key domains and applications to a well-balanced global customer base. We are pleased to partner with an organization that shares our commitment to continuous innovation and operational excellence, and we look forward to working closely with the Teledyne team as we bring our two companies together to leverage the significant opportunities in front of us. <\/em>\".<\/p> Under the terms of the agreement, Flir shareholders will receive $28.70 in cash and 0.0718 shares of Teledyne common stock for each share of Flir, implying a total purchase price of $56.70 per share of Flir based on Teledyne\u2019s 5-day volume-weighted average price as of December 31, 2020. The transaction represents a premium of 40% for FLIR shareholders based on FLIR\u2019s 30-day volume-weighted average price as of December 31, 2020.<\/p> www.<\/a>flir<\/a>.en<\/a> Teledyne et Flir Systems ont annonc\u00e9 conjointement qu’elles ont conclu un accord d\u00e9finitif en vertu duquel Teledyne acquerra Flir dans le cadre d’une transaction en esp\u00e8ces et en actions \u00e9valu\u00e9e […]<\/p>","protected":false},"author":3,"featured_media":12886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,22,23],"tags":[68],"partner":[],"topic":[],"class_list":["post-12885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management","category-mesures","category-optique","tag-info-marche"],"acf":{"external_notification_1":null,"external_notification_2":null,"external_notification_3":null,"external_notification_4":null,"external_notification_5":null,"is_sponsored":null,"reading_time":""},"yoast_head":"\n
www.teledyne.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"