FLIR Systems has acquired Colorado-based Salvador Imaging for $13m in cash. Salvador supplies low light cameras for many applications. FLIR, an Oregon-based company which designs and manufactures thermal imaging and stabilised camera systems for thermography and imaging applications, said that the acquisition aims to enhance FLIR’s multi-sensor system product offering for military customers, and security and surveillance systems for commercial customers.
The company assumes that this transaction will be neutral to 2009 net earnings and accretive thereafter.
Earl Lewis, president and CEO of FLIR, said: The acquisition of Salvador Imaging expands FLIR’s capabilities into a market related to our infrared business. Salvador’s technology can be integrated into our multi-sensor systems for government applications and for standalone applications.
Salvador’s 12 and 14-bit modular camera designs reportedly utilize charge-coupled device (CCD) and electron-multiplying charge-coupled device (EMCCD) sensors, at speeds in excess of 100 million frames per second. In addition to operating at high speeds and with low light, these EMCCD cameras provide colour and monochrome images.
Salvador Imaging has been re-named FLIR Advanced Imaging Systems and will operate as a separate business unit within FLIR’s Commercial Vision Systems division.
