Posted by Courtney Howard
PORTLAND, Ore., 2 Jan. 2010. 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, based in Burlingame, Calif., offers high-performance pan-tilts in security and surveillance , maritime, military, robotics, and scientific instruments markets.
Directed Perception's pan-tilt systems support payloads ranging from 6 to 90 pounds. According to a company official, the acquisition of Directed Perception will enhance and differentiate FLIR's pan-tilt-zoom camera systems for 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 CEO of FLIR. "We welcome Directed Perception's skilled and experienced team to FLIR."
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.
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