Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine.
Teledyne Technologies and FLIR Systems jointly announced yesterday that they have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion.
The transaction price represents approximately 17 times FLIR’s earnings before interest, depreciation, tax and amortisation (EBITDA) – a valuation which analysts probed during a joint webcast and Q&A with Teledyne Executive Chairman Robert Mehrabian and FLIR CEO Jim Cannon.
Source: Ibi News