ANALYSIS & OPINION
Flir becomes major shareholder of Cedip
17 January 2008Tweet
Flir Systems has completed its acquisition of a majority shareholding in Cedip Infrared Systems, which will now be integrated and marketed under the Thermography Division of Flir.
The company has successfully acquired 67.8 per cent of the share capital of Cedip, and it now plans to buy the remaining shares with a standing market offer on the French Alternext stock market.
Flir has traditionally been very strong in the preventative maintenance and the security sectors of the thermal vision market, and the move is hoped to expand Flir’s portfolio to include thermal equipment for scientific research and development, such as cooled mid-infrared cameras.
It will also provide Flir, which is currently based in Sweden and America, with an important manufacturing base in central Europe, along with Cedip’s existing distribution networks.
‘Flir and Cedip have complementary competence and engineering and manufacturing capacities,’ Arne Almerfors, president of Flir Thermography, told imveurope.com. ‘The move will benefit our customers with a broader portfolio and a bigger range of products, and our joint research and development capacity will help us to develop our products to better suit customer demand.’
The move follows a string of similar agreements for Flir, which has acquired Inframetrix, Indigo, SMC and Extech in recent years.