FLIR Acquires Drone Manufacturer For $134M

By: Brian Karas, Published on Dec 01, 2016

FLIR has acquired Prox Dynamics, a Norwegian maker of small military-grade drones, for $134M. 

FLIR president Andy Teich provided additional details to IPVM on this acquisition, and what it might mean for FLIR's security division.

******* ******** **** ********, * ********* ***** of ***** ********-***** ******, for $****. 

**** ********* **** ***** provided ********** ******* ** IPVM ** **** ***********, and **** ** ***** mean *** ****'* ******** division.

[***************]

Prox ******** ********

******* ** ****, **** Dynamics *** ******* ** developing ***** ****** **** for ******/********/****** *** ****** applications. ***** ******* *******, the "***** ******" ** * ********** style (**. ****-******) **** that ******** ~*" **** and ******* * **** Lepton ******* ******. *** units **** **** **** under **** ***********, ******* **** **** are ********** ** ******** technology *** ******* ** export *********** **** *** *** affect ***** ******.

***** **** *************** *** *** units ***** ****, ****** range, *** ************ ***** operation ** ******** ** micro-drones. ************ *** ************** between *** ***** *** controller *** *** ********* and ********* *** ****-***** communications ** ***** **** dense ******* **** ********* that ***** ***** ******* "civilian" ******.

* *** **** *** drones, **** ********** *** base *******/******* ***** *** ~$50K. *** *** ****** are *** ******** ** operate ** *** **** time, *** ******* *** often ***** **** *** for *** *** *** one *** ***** ***, or ***** ** *********** shifts ***** *** ** charging ***** *** ***** is ******.

Acquisition *******

**** **** $**** ** cash *** **** ******** and **** **** *** company **** ** *** Surveillance ********, ***** ***** products ** **********/******** *********, and ****** *** ** confused **** *** ******** division, ***** ** ***** the ***** *********** *** *** *********** **** ******.

**** *** *** ******** Prox ********'* *******.

Military ***** / *********** *** ***** ** ******

****'* ********* ********* ** IPVM:

*** ******* **** ******** product ** * ******** product **** ** ***** ITAR *******. *** *** business **** ** **** of *** ************ ******** unit ***** ** ******* on ******** *** ****-******** users.  ** ****, ** is ******** **** *** current ******* ***** ** deployed **** *********** ******** applications. **** ****, ** do ***** ***** ** value ** ***** ******* and ******* ******* ******* from ****** ********* *** traditional ******** ********. ** currently ***** * ***** of ******* ******** *** use ** **********/******** ******.  These ***** *** ** utilized ** ***** ***** of ******** ************ *****. 

********* *** **** ******** group **** ** ******** aerial ******* ********** ** FLIR ***** *** ** expanded ** *** ******.  Where ** **** **** capability ********** **** **** to ** **********, *** commercial ******** ************ *** certainly * ***********.

Not ******* ** ********** / ****** 

**** ******** *** ******** international ********** *** ****** users **** ***** ********, but **** *** *********** be **** ** ********** users ** *** **, similar ** ***** ****-********** commercial ******** **** ****. Resellers ** ********* ****** export *** ***** ****** drone ******* *** ** ******* government ******** ******.

Emerging ****** ****** ******

****** *** ******* ******** in *** ******** ******. Both ******* ******** **** *** ****** ******** *****, Aptonomy *** ***********, *** ********-***** *******. *** *********** *** operational ***** **** **** cited ** ******* ******** drone *** ** ********, however **** ******** ********* these ****** ** ******** on ******/******** *********, *** are *** ****** ******* to *** **** *********** (and *******) ** ********** customers.

Comments (2)

Appropriate Acquisition for FLIR.

Just saw a military ad featuring these. Looks like they made the right call

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