Industry Headlines / Vision & Sensors

Flir Systems Acquires Salvador Imaging for $13 Million

June 25, 2009
/ Print / Reprints /
ShareMore
/ Text Size+

PORTLAND, OREGON - Flir Systems Inc. has acquired the stock of Salvador Imaging Inc. for $13 million cash.

Flir, which designs and manufactures thermal imaging and stabilized camera systems said the acquisition adds capabilities in the infrared imaging business, a market closely related to its own.

It will improve product offerings to military customers and expand security and surveillance product lines available to commercial customers.

Colorado Springs, Colo.-based Salvador Imaging makes high-performance visible and low light cameras.

"Salvador's technology can be integrated into many of our multi-sensor systems for government applications, and has significant potential for standalone applications," says Earl Lewis, Flir chief executive.

Salvador Imaging was renamed Flir Advanced Imaging Systems Inc. and will operate as a separate business unit within Flir's commercial vision systems division. Flir said the deal will be neutral to 2009 net earnings and will boost its results thereafter. Flir shares rose 10 cents to close at $24.32.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

THE MAGAZINE

Quality Magazine

cover_image

2014 April

Check out the April 2014 edition of Quality Magazine for features!
Table Of Contents Subscribe

Manufacturing Process

Has/does news about a manufacturers’ recall (like the GM recall in the news now) cause you or your company to reexamine its manufacturing process?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png