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Flir to Buy Advanced Sensor Maker

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WILSONVILLE, Ore., Aug. 16, 2010 — Thermal imaging systems manufacturer Flir Systems Inc. announced Monday that it will acquire sensor maker ICx Technologies Inc. for approximately $274 million. The acquisition expands Flir's capabilities into advanced sensors for chemical, biological, radiological, nuclear and explosives detection for the defense and homeland security markets, the company said. Under terms of the agreement, a Flir subsidiary will initiate a cash tender offer to buy all outstanding shares of ICx for $7.55 per share and will acquire shares not purchased in the tender offer in a second-step merger at the...Read full article

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    Published: August 2010
    Glossary
    thermal imaging
    The process of producing a visible two-dimensional image of a scene that is dependent on differences in thermal or infrared radiation from the scene reaching the aperture of the imaging device.
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