FLIR Systems acquired Armasight, Inc., a leading developer of precision sporting, hunting and military optics products, for approximately $41 million on Wednesday.
“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,” Andy Teich, president and CEO of FLIR, said. “We are pleased to welcome this talented team in further leveraging FLIR’s established channels into global military and law enforcement customers, as well as utilize our advanced thermal sensor development and vertically-integrated production capabilities to advance their products and reduce costs.”
Armasight is known for its night vision, thermal and daylight imaging products for hunters, outdoor enthusiasts, law enforcement and the military. Included in its product line are a wide range of rifle scopes, spotting scopes, binoculars, goggles and illuminating tools that enhance safety.
FLIR’s acquisition will combine the companies’ existing product lines of personal vision systems and thermal weapons sights, providing FLIR with the ability to better serve its customers with advanced day and night capabilities.
FLIR said that the transaction will be neutral to 2016 net earnings and accretive afterwards.
FLIR Systems is a leader in the design, manufacture and marketing of sensor systems that enhance perception and awareness.