FLIR Acquires Ifara Tecnologias

PORTLAND, OR /Marketwire/ -- FLIR Systems Inc. announced that it has acquired the stock of Ifara Tecnologias, S.L., a leading provider of middleware and client application software used to create sensor networks, for EUR 7.0 million cash.

Based in Madrid, Spain, Ifara develops software technology, hardware, and developer tools used for the creation and maintenance of sensor networks for applications such as security and surveillance, force protection, reconnaissance, and maritime. Ifara's middleware sensor platform, known as Nexus, is a turnkey solution based on an open, modular, and flexible architecture. Nexus offers connectivity and integrated control of a variety of sensors, including thermal and CCTV cameras, fence and ground sensors, alarm contacts, unmanned aerial vehicles, and radar. With Ifara's technology, FLIR will be able to provide its customers with the capability to easily and seamlessly integrate a wide variety of sensors as required for any given project.

FLIR anticipates that Nexus will ultimately become a standard feature in many products within FLIR's Commercial Vision Systems and Government Systems Divisions. In addition, Nexus features, such as geo-referencing and video analytics, will be sold separately to integrators and other customers. Ifara will operate as a separate business unit within FLIR's Commercial Vision Systems Division.

"We are pleased to announce this transaction," commented Earl Lewis, Chairman, President, and CEO of FLIR. "Ifara has been an outstanding partner to FLIR over the past several years, and we believe bringing them in-house will accelerate the adoption of Ifara's complementary technology and help drive growth in key FLIR market segments. We welcome Ifara's skilled and experienced team to FLIR."

About FLIR
FLIR Systems Inc. is a world leader in the design, manufacture, and marketing of thermal imaging and stabilized camera systems for a wide variety of thermography and imaging applications, including condition monitoring, research and development, manufacturing process control, airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, environmental monitoring, and ground-based security.

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