In yet another strategic acquisition to expand their presence in the growing surveillance market, FLIR Systems, Inc. recently announced the buyout of Prox Dynamics AS, for an estimated $134 million in cash. Prox Dynamics developes nano helicopter technology and which will be integrated in FLIR Systems’ unmanned aerial systems (UAS) business. The move will leverage the company’s Lepton technology to expand the airborne sensor product line.
Founded in 2007, Prox Dynamics AS develops nano-class UAS for a variety of applications, including military & para-military intelligence, surveillance and reconnaissance. Prox Dynamics’ Black Hornet aerial sensor and hand controllers can provide soldiers significant advantage in situational awareness and mission planning.
Read more: http://www.nasdaq.com/article/flir-systems-buys-prox-dynamics-to-boost-surveillance-unit-cm
