Home / M&A Activity / Andy Teich: FLIR Systems Eyes Security Tech Portfolio Growth Through $92M DVTEL Buy

Andy Teich: FLIR Systems Eyes Security Tech Portfolio Growth Through $92M DVTEL Buy

acquisition,  mergerFLIR Systems (Nasdaq: FLIR) has bought New Jersey-based video surveillance hardware and software maker DVTEL for about $92 million cash in a push to expand security product offerings.

Andy Teich, FLIR president and CEO, said in a statement released Monday the acquisition complements FLIR’s strategy to deliver end-to-end technology platforms in the enterprise and infrastructure security market.

FLIR said it expects the transaction to be earnings neutral in 2015 and accretive thereafter.

Wilsonville, Oregon-based FLIR aims to combine its thermal imaging and camera systems with a portfolio of DVTEL-built video analytics, management, server and encoding systems.

Shares in FLIR closed up 29 cents to $30.56 Monday and remained unchanged Tuesday.

Check Also

BAE, ManTech Vet Dave Wallen to Join KeyW as Advanced Cyber SVP

Dave Wallen, senior vice president of ManTech International‘s (Nasdaq: MANT) cyber operations and exploitation business, …

Bruce Caswell to Succeed Richard Montoni as Maximus CEO

Bruce Caswell, president of Maximus (NYSE: MMS) and general manager of the company’s health services …

Subscribe to our Newsletter
I will subscribe later