Search
Menu
Lumencor Inc. - ZIVA Light Engine 3-24 LB

Infrared Industry to Shrink -- Again

Facebook X LinkedIn Email
Kathleen G. Tatterson

PORTLAND, Ore. -- In the latest move in the infrared device industry's consolidation, FLIR Systems Inc. and Agema Infrared Systems AB of Stockholm, Sweden, have signed a letter of intent to merge. According to the agreement, FLIR will issue about 4.2 million shares of its common stock (roughly 42 percent of its outstanding shares) to Agema's parent company, Spectra-Physics AB, in exchange for all of Agema's outstanding shares. FLIR reported sales of $66 million in 1996; Agema posted sales of approximately $48 million for the same period. Officials from both companies said they expect to...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: September 1997
    Businessdefenselight speed

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.