Flir Systems Acquires Directed Perception Inc.
January 6, 2010
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BOSTON - Flir Systems Inc. has acquired the stock of Directed Perception Inc., a provider of pan-tilt motion control systems for commercial and military markets, for $20 million cash.
Directed Perception (Burlingame, CA) has earned a reputation as a pioneer and leader in high-performance pan-tilts in security and surveillance, maritime, military, robotics and scientific instruments markets. Directed Perception's full-line of pan-tilt systems support payloads ranging from 6 to 90 pounds. The acquisition of Directed Perception will enhance and differentiate Flir's pan-tilt-zoom camera systems for both commercial and military markets through lower cost, improved functionality and ease-of-use.
"The acquisition of Directed Perception expands Flir's capabilities into a key enabling technology. Its technology can be integrated into many of our existing pan-tilt-zoom systems and has significant potential for future low-cost integrated solutions," says Earl Lewis, president and chief executive officer of Flir. "We welcome Directed Perception's skilled and experienced team to Flir."
Upon closing, Directed Perception has been re-named Flir Motion Control Systems and will operate as a part of Flir's Commercial Systems division. Flir anticipates this transaction will be neutral to 2010 net earnings and accretive thereafter.
Directed Perception (Burlingame, CA) has earned a reputation as a pioneer and leader in high-performance pan-tilts in security and surveillance, maritime, military, robotics and scientific instruments markets. Directed Perception's full-line of pan-tilt systems support payloads ranging from 6 to 90 pounds. The acquisition of Directed Perception will enhance and differentiate Flir's pan-tilt-zoom camera systems for both commercial and military markets through lower cost, improved functionality and ease-of-use.
"The acquisition of Directed Perception expands Flir's capabilities into a key enabling technology. Its technology can be integrated into many of our existing pan-tilt-zoom systems and has significant potential for future low-cost integrated solutions," says Earl Lewis, president and chief executive officer of Flir. "We welcome Directed Perception's skilled and experienced team to Flir."
Upon closing, Directed Perception has been re-named Flir Motion Control Systems and will operate as a part of Flir's Commercial Systems division. Flir anticipates this transaction will be neutral to 2010 net earnings and accretive thereafter.
