Mergers, Acquisitions & Exits

Teledyne to acquire FLIR Systems

>> , by Arlene Sloan2021-01-04T22:02:00

FLIR M500

Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine

Teledyne Technologies and FLIR Systems jointly announced yesterday that they have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion.

The transaction price represents approximately 17 times FLIR’s earnings before interest, depreciation, tax and amortisation (EBITDA) – a valuation which analysts probed during a joint webcast and Q&A with Teledyne Executive Chairman Robert Mehrabian and FLIR CEO Jim Cannon.

To read a summary of questions put to Teledyne’s Mehrabian about the future of FLIR and its subsidiaries, as well as segment revenues of the combined company after the acquisition, please see the IBI Plus subscription options below for accessing our Premium Content.

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