FLIR Systems acquires Prox Dynamics AS for $134 mln

FLIR Systems Inc. recently acquired Prox Dynamics AS, a company that develops and manufactures nano-class unmanned aerial systems (UAS) for military and para-military intelligence, surveillance and reconnaissance applications, for $134 million.

Norway-based Prox Dynamics develops, manufactures and distributes small aerial sensors for surveillance applications. The company’s personal reconnaissance system (PRC) features its Black Hornet aerial sensor and hand controller, which can be hand-launched and used by a soldier in the field. The Black Hornet sensor features FLIR’s Lepton micro thermal camera, visible spectrum cameras, advanced low-power rotor technology and proprietary software for flight control and communications.

The deal will also augment FLIR’s surveillance sector by extending FLIR’s airborne sensor product line and fully leveraging Lepton technology.

“This acquisition adds a unique unmanned aerial systems capability to our portfolio,” said FLIR President and CEO Andy Teich.

“The Prox Dynamics team has created a highly-differentiated solution, incorporating our Lepton sensor, for advanced intelligence, surveillance, and reconnaissance that fits well with our vision for growth for our surveillance segment. The team at Prox Dynamics operates with a commercial mindset, which is a great fit for FLIR’s ‘commercially developed, military qualified,’ or ‘CDMQ,’ operating philosophy.”