FLIR Systems Acquires Pan-Tilt Supplier for $20 Million

FLIR Systems announced it acquired the stock of Directed Perception, a provider of pan-tilt motion control systems for commercial and military markets, for US$20 million cash.

Directed Perception, based in Burlingame, California, has earned a worldwide reputation as a supplier of high-performance pan-tilts in security and surveillance, maritime, military, robotics, and scientific instruments markets. Directed Perception's full-line of pan-tilt systems support payloads ranging from 6 to 90 pounds. The acquisition of Directed Perception will enhance and differentiate FLIR's PTZ camera systems for both commercial and military markets through lower cost, improved functionality and ease-of-use.

"The acquisition of Directed Perception expands FLIR's capabilities into a key enabling technology. Its technology can be integrated into many of our existing PTZ systems and has significant potential for future low-cost integrated solutions," said Earl Lewis, President and CEO of FLIR. "We welcome Directed Perception's skilled and experienced team to FLIR."

Upon closing, Directed Perception has been renamed FLIR Motion Control Systems and will operate as a part of FLIR's Commercial Systems division. FLIR anticipates this transaction will be neutral to 2010 net earnings and accretive thereafter.
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