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In January 2021, Teledyne Technologies announced that it had entered into a definitive agreement to acquire the company for $8 billion, [64] [65] against FLIR's 2019 revenue of $1.9 billion. [66] The acquisition was completed in May 2021, and FLIR Systems Inc. continued as Teledyne FLIR LLC.
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Teledyne reported third quarter 2019 net sales of $802.2 million, a 10.6% increase compared to 2018. [23] On 4 January 2021, it was announced Teledyne Technologies would acquire FLIR Systems for $8 billion. [24] In 2021, Teledyne MEMS, which is in part composed by Teledyne DALSA, [25] was ranked second in global revenues in the MEMS field. [26]
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The US acquisition was 70 years to the month after the original English company's registration in 1947. In its 2018 annual report, Teledyne Technologies said the final purchase price for e2v was $740.6 million, net of cash acquired as part of the business, [17] adding that e2v had been Teledyne's largest acquisition in its history.
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