Flir to acquire majority shares in Cedip

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Thermal camera manufacturer Flir Systems plans to buy a controlling interest in Cedip Infrared Systems.

Following completion of the move, Cedip’s infrared cameras will be integrated into Flir’s product range. This is expected to expand Flir’s portfolio with Cedip’s cooled mid-wave infrared cameras. It will also provide a European manufacturing base for Flir, an American company.

Under the terms of the agreement, Flir will buy 67.8 per cent of Cedip’s share capital, for a total of €41.4m. The move is still subject to various conditions, including authorisation by the French Minister of Finance and Economy.

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