Gear FLIR Systems Acquires Armasight for $41 Million Industry News July 9, 2016 Join the Conversation Oregon-based purveoyer of thermal and night vision technology recently announced that they've acquired Armasight. Here's what they have to say about it: WILSONVILLE, OR — (Marketwired) — FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has acquired Armasight, Inc., a leading developer of precision sporting, hunting, and military optics products, for approximately $41 million in cash. Armasight, based in San Francisco, is a global leader in night vision, thermal, and daylight imaging products for hunters, outdoor enthusiasts, law enforcement, and military customers. Armasight develops and distributes a wide range of rifle scopes, spotting scopes, binoculars, goggles, and illuminating tools that improve safety and the enjoyment of the outdoors as well as enable military users to detect, recognize, and identify targets from extreme ranges at any time of day or night. The acquisition will combine FLIR's existing lines of Personal Vision Systems and Thermal Weapon Sights with Armasight's products thus providing FLIR the ability to better serve hunters, wildlife enthusiasts, police, and military customers with advanced day and night capabilities. The combined business line will be named FLIR Outdoor and Tactical Systems™ and will be reported within FLIR's Surveillance segment. “The addition of Armasight to our existing scopes and sights business provides us with meaningful additional scale and injects additional market expertise to better serve the growing hunting and military scopes markets,” said Andy Teich, President and CEO of FLIR. “We are pleased to welcome this talented team in further leveraging FLIR's established channels into global military and law enforcement customers, as well as utilize our advanced thermal sensor development and vertically-integrated production capabilities to advance their products and reduce costs.” FLIR anticipates this transaction will be neutral to 2016 net earnings and accretive thereafter. About FLIR Systems FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. FLIR's advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. For more information, go to FLIR's web site at www.FLIR.com. Explore RECOILweb:SHOT Show 2020: Case Winkler Pack AxeUncovered: New ProductsPreview - Using Guns in Low LightThe Truth About Knife-Fighting NEXT STEP: Download Your Free Target Pack from RECOILFor years, RECOIL magazine has treated its readers to a full-size (sometimes full color!) shooting target tucked into each big issue. Now we've compiled over 50 of our most popular targets into this one digital PDF download. From handgun drills to AR-15 practice, these 50+ targets have you covered. Print off as many as you like (ammo not included). Click here to get IMMEDIATE ACCESS to a digital PDF of this target pack!