FLIR Systems, Wilsonville, Ore., a supplier of thermal imaging technology, acquired Lorex Technology, and its subsidiary company Digimerge Technologies for $1.32 per share, representing an aggregate purchase price of $60 million.
“From FLIR’s perspective, Digimerge brings to FLIR a high-quality professional video security product line including analog and IP cameras and recorders,” said Bill Klink, vice president Security & Surveillance, FLIR Commercial Systems Inc. “FLIR Thermal cameras are primarily used for outdoor perimeter security applications, and almost every project for thermal cameras also requires a significant number of visible light cameras as well. The combination of Digimerge’s video products with FLIR’s existing range of thermal security cameras creates a complete video security product line giving our integrators and distributors a comprehensive, end-to-end, video security solution. There are several other areas of synergy between FLIR and Digimerge including complementary distribution and channel structures and future product development, manufacturing processes and integration.”