Flir acquires Endeavor Robotics for $385 million

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Flir Systems has entered into a definitive agreement to acquire Endeavor Robotics from Arlington Capital Partners for $385 million in cash.

Upon closing of the acquisition, which is expected in the first quarter of 2019, Endeavor will be part of Flir’s Government and Defense Business Unit’s Unmanned Systems and Integrated Solutions division, the companies said in a statement.

Based outside Boston and formerly known as iRobot Defense & Security, Endeavor has shipped more than 7,000 UGVs to customers in over 55 countries, according to Flir Systems.

[Image courtesy: Flir]