Flir buys Armasight for $41 million

Thermal imaging company Flir Systems has acquired Armasight, a developer of precision sporting, hunting, and military optics products, for approximately $41 million in cash.

The acquisition will combine Flir’s existing lines of personal vision systems and thermal weapon sights with Armasight’s products. The combined business line will be named Flir Outdoor and Tactical Systems, and will be reported within Flir’s Surveillance segment.

“The addition of Armasight to our existing scopes and sights business provides us with meaningful additional scale and injects additional market expertise to better serve the growing hunting and military scopes markets,” said Andy Teich, president and CEO of FLIR, in a statement, talking about the acquisition.

[Image courtesy: Flir]

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