Sweden’s Seapilot AB, a former subsidiary of True Heading AB, has received a bid from FLIR Systems Holding AB (Raymarine) to buy the company.

FLIR is offering Seapilot shareholders SEK 3.63 per share, an offer that has been accepted by the main shareholders including the company’s founder.

The offer includes a cash consideration to sell all their Class A and Class B shares in the company to FLIR. If the bid is accepted by shareholders, all Seapilot’s debts to True Heading (SEK 14.2m) will also be resolved.

The acceptance period runs from June 27, 2018 until August 31, 2018.