$268 million was the final sum, equating at $7.55 a share, that FLIR paid to turn ICx into a wholly owned subsidiary. FLIR are an thermal imaging and optics company, with little cross over with the ICx business, so their statement that it “represents an opportunity to expand our business into several attractive adjacent technologies” is not idle spin. There is of course speculation as to what bits it might divest itself of – especially once it realises that the ‘flash to bang’ of CBRN contracts is different to other, more commercial, fields – but it will bring both players into the orbit of some very different customers. Watch this space…

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