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Companies Consolidate to Provide Improved Infrared Systems

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Under a merger agreement, Flir Systems Inc. of Portland, Ore., will acquire Indigo Systems Corp. of Goleta, Calif., thereby securing a supply of low-cost, high-quality IR detectors, as well as Indigo's intellectual property and design capabilities. Flir Systems' sales and marketing and systems integration capabilities combined with Indigo's strengths in component design and manufacturing are expected to result in more cost-effective and higher-performing infrared systems for customers. It is anticipated that the transaction, valued at approximately $190 million, will close early next year....Read full article

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    Published: December 2003
    BusinessFlir Systems Inc.Indigo Systems Corp.industrialIR detectorslight speedSensors & Detectors

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