FLIR Systems acquires ICx to boost expertise in homeland security, surveillance, and chemical sensors

WILSONVILLE, Ore., 17 Aug. 2010. Infrared sensor specialist FLIR Systems Inc. in Wilsonville, Ore., is acquiring homeland security sensors expert ICx Technologies Inc. in Arlington, Va., to boost FLIR's expertise in chemical, biological, radiological, nuclear, and explosive detection, as well as in wide-area surveillance, intrusion detection, and facility security.

WILSONVILLE, Ore., 17 Aug. 2010.Infrared sensor specialist FLIR Systems Inc. in Wilsonville, Ore., is acquiring homeland security sensors expert ICx Technologies Inc. in Arlington, Va., to boost FLIR's expertise in chemical, biological, radiological, nuclear, and explosive detection, as well as in wide-area surveillance, intrusion detection, and facility security.

FLIR is acquiring ICx for $274 million under terms of a merger agreement. For the twelve months ended June 30, 2010, ICx reported revenue of about $168 million.

The acquisition expands FLIR's capabilities into advanced sensors for chemical, biological, radiological, nuclear, and explosives (CBNRE) detection for defense and homeland security markets. The acquisition also enhances FLIR's existing intelligence surveillance and reconnaissance product suite through the addition of ICx's advanced radars and integrated platforms. Upon closing of the transaction, ICx's operations will be integrated into FLIR's Government Systems Division.

The transaction is expected to close in the fourth quarter 2010. For more information contact FLIR Systems online at www.flir.com, or ICx Technologies at www.icxt.com.

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