04.10.2016 • News

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.

Founded in 1997 and based in Richmond, British Columbia, Point Grey is a global leader in the development of advanced visible imaging cameras and solutions that are used in industrial automation systems, medical diagnostic equipment, people counting systems, intelligent traffic systems, military and defense products, and advanced mapping systems. Point Grey designs, manufactures, and distributes its cameras and related software to a global base of customers that build systems for improving the efficiency, quality, analysis, and safety of a wide range of processes and products.

The addition of the Point Grey business will augment Flir’s existing OEM cores and components business by adding a broad range of visible spectrum machine vision cameras and solutions. Additionally, Flir’s thermal sensor technology, with its unique ability to remotely measure temperature, see through factory obscurants such as smoke and steam, and accurately detect and characterize human activity in retail settings, will further extend Point Grey’s product range into new application spaces. The business will become Flir’s Integrated Imaging Solutions line of business operating within the OEM and Emerging segment.

“We’re excited to add the broad range of innovative products from Point Grey to Flir as together we have a unique capability to create advanced sensing solutions for the broad machine vision market,” said Andy Teich, President and CEO of Flir. “Thermal imaging technology provides vision systems customers an alternative imaging spectrum that offers a rich, largely untapped layer of information that can be further leveraged. Point Grey’s global presence and credibility in industrial vision systems provides a strong platform for us to integrate our leading thermal technology. Point Grey is a proven, high-performing business with an impressive set of products, customers, processes, and people, all of which we see as being highly synergistic and strategically significant to Flir. We welcome the Point Grey employees to Flir and look forward to creating highly valuable solutions for a wide array of intelligent imaging applications.”

Company

Flir Systems, Inc.

27700 SW Parkway Ave
97070 Wilsonville
US

Company contact







Award

AutomationsBest Award

AutomationsBest Award

The AutomationsBest Award is now entering its 3rd round. The award will be presented at SPS - Smart Production Solutions on 25 November 2025

PhotonicsViews

PhotonicsViews September 2025 available now!

PhotonicsViews September 2025 available now!

The new issue of the PhotonicsViews is available. Read the September 2025 issue for free as PDF or E-Paper.

most read

Photo
10.06.2025 • NewsMachine Vision

The winners of the inspect award 2025

This time, with two additional categories, “SMEs” and “Artificial Intelligence,” the selection was even larger than usual. But now they have been chosen: the machine vision products of the year 2025.