FLIR Systems Completes Acquisition of Endeavor Robotics
Obtaining Solidifies FLIR's Entry into Unmanned Ground Vehicles Market for Military, Public Safety, and Critical Infrastructure
WILSONVILLE, Ore.- - FLIR Systems, Inc. declared today that it has finished its recently reported securing of Endeavor Robotic Holdings, Inc., a main engineer of fight tried, strategic unmanned ground vehicles (UGVs) for the worldwide military, open wellbeing, and basic foundation markets, from Arlington Capital Partners for $382 million in real money.
Based outside Boston and once in the past known as iRobot Defense and Security, Endeavor has dispatched more than 7,000 UGVs to clients in more than 55 nations. Attempt's profoundly portable and simple to work ground robots use propelled detecting and activation in giving unstable arms transfer, observation, assessment, and risky materials support for troops, police, and modern clients at remain off range. Try is one of the biggest UGV suppliers to the United States (U.S.) Department of Defense (DoD), and a key provider of unmanned frameworks for the quickening modernization of worldwide military and law implementation operational resources.
"With the expansion of Endeavor, FLIR turns into a main supplier of unmanned aeronautical and ground answers for help the necessities of warfighters, and open wellbeing and basic foundation experts," said Jim Cannon, President and CEO of FLIR Systems. "We are satisfied to invite Endeavor to the FLIR group and anticipate driving our main goal to develop advances that assistance spare lives and occupations."
Attempt is currently part of the FLIR Government and Defense Business Unit's Unmanned Systems and Integrated Solutions division. The exchange is required to be $0.03 dilutive to FLIR Systems' 2019 balanced profit for each offer because of acquiring costs related with financing the exchange, and accretive from there on.
About FLIR Systems
Established in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-driving producer of sensor frameworks that upgrade recognition and elevate mindfulness, sparing lives, improve profitability, and ensure the earth. Through its about 3,900 representatives, FLIR Systems' vision is to be "The World's Sixth Sense" by utilizing warm imaging and contiguous advances to give creative, canny answers for security and reconnaissance, natural and condition observing, open air entertainment, machine vision, route, and propelled danger recognition.