Machine Vision
Flir Systems to Acquire Point Grey Research for $253 Million
Flir announced that it has reached a definitive asset purchase agreement to acquire the business of Point Grey Research, Inc., a leading developer of machine vision cameras for use in industrial, retail, scientific, traffic, mapping, and other advanced imaging applications, for approximately $253 million in cash. The transaction is expected to be completed in the fourth quarter of 2016. Flir anticipates the business and related transaction costs will be approximately $0.01 dilutive to its 2016 earnings per share and accretive for 2017.
Thermal Imaging
Today, new technologies are brought to market faster than ever before. Sometimes new products are quite expensive in the introduction stage, but once the early adopters have embraced them and once they can go into mass production, prices go down rapidly. Just one example is the mobile phone. Bulky and expensive in the beginning, it has rapidly become a product that fits in the palm of the hand and is being used daily by millions of people.
Flir: Infrared Cameras for Monitoring Manufacturing Operations
Flir Systems GF-Series infrared cameras are being used by chemical, petrochemical, pharmaceutical and many other manufacturing industries worldwide to ensure that existing air quality or internal systems for removing chemicals are functioning properly.
Infrared Cameras for Monitoring Manufacturing Operations
FLIR Systems GF-Series infrared cameras are being used by chemical, petrochemical, pharmaceutical and many other manufacturing industries worldwide to ensure that existing air quality or internal systems for removing chemicals are functioning properly. Regulations exist in most industrialized countries that specify thousands of inspection points around a manufacturing operation and how often they must be monitored. A comprehensive system for testing and repairing those leaks can yield competitive advantage by reducing maintenance and inspection costs while increasing worker safety, improving environmental quality inside the facility and outside as well.
