Teledyne
FLIR Strengthens Perimeter Security Portfolio with First Commercial Ground-Based Radar and New Multispectral Camera Series
Teledyne FLIR announced the release of new additions to its perimeter security portfolio for critical infrastructure; Elara R-Series Commercial Ground Security Radars and the Triton FH-Series Multispectral Fixed Cameras. A first for Teledyne FLIR, the Elara R-Series is the ideal commercial radar system for industrial commercial applications, increasing detection coverage, auto-tracking, dynamic mapping and position intelligence of intruders.
FLIR Launches A500f/A700f for Monitoring and Fire Detection
The FLIR A500f and A700f Advanced Smart Sensor ruggedized thermal cameras feature high-temperature detection for extreme environments paired with on-camera analytics and alarm capabilities – ideal for industrial early fire detection or outdoor condition monitoring applications. Along with enhanced spot, area, line, polygon, and polyline analytic functions that improve the definition of areas of interest and object curvatures, the A500f/A700f can help commercial and industrial organizations protect assets.
Teledyne to Acquire FLIR Systems
As part of the transaction, Teledyne has arranged a $4.5 billion 364-day credit commitment to fund the transaction and refinance certain existing debt. Teledyne expects to fund the transaction with permanent financing prior to closing. Net leverage at closing is expected to be approximately 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x by the end of 2022. Teledyne expects the acquisition to be immediately accretive to earnings.