FLIR Systems Inc. announced that it has completed its acquisition of Point Grey Research Inc. for $259 million in cash, or an enterprise value of $256 million. Point Grey Research provides advanced visible imaging cameras and solutions used in industrial automation systems, medical diagnostic equipment, people counting systems, intelligent traffic systems, military and defense products, and advanced mapping systems. The business will be renamed Integrated Imaging Solutions and projected to be $0.01 dilutive to 2016 earnings but accretive in 2017.
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: