FLIR Systems Acquires DVTEL for USD 92 Million
Acquisition adds security Cameras and VMS to FLIR's Security Products
FLIR Systems announced that it has acquired DVTEL for approximately $92 million in cash.
DVTEL, based in Ridgefield Park, New Jersey, is a global leader in enterprise-class security and surveillance solutions. The company develops and distributes integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders. The combination enables FLIR, with its existing FLIR-branded thermal and visible cameras as well as its Lorex-branded security systems, to be a full-spectrum end-to-end security system provider, serving the consumer, small and medium business, enterprise, and infrastructure-level markets.
"FLIR's strong position in thermal imaging together with DVTEL's extensive video analytics and VMS capability will position us well to offer differentiated and highly accurate perimeter security solutions for the upper corner of our Security segment's product value ladder," said Andy Teich, President and CEO of FLIR. "DVTEL adds a suite of professional-grade security software and hardware that is very complementary to our current solutions and fits very well with our strategy to offer end-to-end solutions in the enterprise and infrastructure segments of the security market."
FLIR anticipates this transaction will be neutral to 2015 net earnings and accretive thereafter.
Contact
Flir Commercial Vision Systems B.V.
Charles Petitweg 21
4847 NW Teteringen – Breda
0031 (0) 765 79 41 94
0031 (0) 765 79 41 99
DVTel
65 Challenger Road
Ridgefield Park, NJ07660
+1 201 9666583
Flir Systems, Inc.
27700 SW Parkway Ave
97070 Wilsonville
OR
+1 503 498 3547