FLIR Systems Inc
) announced the acquisition of certain assets of DigitalOptics
Corporation's micro-optics business. The deal is valued at $14.9
million, which includes fabrication equipment and more than 200
Based in Charlotte, N.C., DigitalOptics micro-optics business
is a leading fabricator of wafer-scale specialty optics products,
which include lenses, lens arrays, optical receivers and
transceivers and various infrared optical components.
DigitalOptics is a wholly-owned subsidiary of Tessera
Technologies, Inc. (TSRA) and is primarily engaged in designing
and manufacturing of innovative imaging systems for
Through this acquisition, FLIR intends to strengthen its
Thermal Vision and Measurement segment. DigitalOptics'
micro-optics business products primarily include low-cost optics
technologies and are thus used in a number of industries and
applications that include security, surveillance,
photolithography, data communications, laser-based medical
equipment and 3D gesture recognition.
In the latest reported quarter, revenues for the Thermal
Vision and Measurement segment (TVM) grew 23% to $175 million.
The segment also reported strong growth in orders, increasing 24%
year over year.
The acquisition is in line with FLIR's growth strategy of
expanding business through various strategic acquisitions. The
TVM segment provides thermal imaging and night vision systems,
personal vision thermal cameras, imaging algorithms, hand-held
systems, infrared imagers, and test equipment; and camera cores,
sensors, and readout integrated circuits.
FLIR Systems is a leading designer, manufacturer and marketer
of thermal imaging systems. The company carries a Zacks Rank #3
(Hold). Some other companies in the industry that are worth a
Orbital Sciences Corp.
). RTN carries a Zacks Rank #1 (Strong Buy), while ORB and AIR
have a Zacks Rank #2 (Buy).
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