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Teledyne to acquire FLIR in $8 billion cash and stock deal

Industrial sensor giant Teledyne is set to acquire sensing company FLIR in a deal valued at around $8 billion in a mix of stock and cash, pending approvals with an expected closing date sometime in the middle of this year. While both companies make sensors, aimed primarily at industrial and commercial customers, they actually focus on different specialties that Teledyne said in a press release makes FLIR’s business complimentary to, rather than competitive with, its existing offerings.
FLIR’s technology has appeared in the consumer market via add-on thermal cameras designed for mobile devices, including the iPhone. These are useful …

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