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Wednesday, June 23, 2021

Teledyne Technologies (TDY) acquisition of FLIR Systems marks a significant shift in technology

Teledyne Technology (TDY) is taking on thermal imaging pioneer FLIR Systems (FLIR). This is a major acquisition that propels Teledyne Technologies to new heights.


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The acquisition price for FLIR is $8.2 billion, with FLIR shareholders receiving $28 in cash and 0.0718 TDY shares per FLIR share. This resulted in a purchase price of about $57.4 per FLIR share. As a result of the acquisition, Teledyne’s earnings are expected to grow in the first calendar year following the close.

In the future, the FLIR unit will become a part of Teledyne’s digital optical systems segment and will be called Teledyne FLIR. Aerospace and defense companies rely heavily on Teledyne’s solutions – primarily optoelectronic systems, imaging technology, and related software and hardware. The acquisition will allow Teledyne to expand its portfolio of solutions and revenues and obtain valuable FLIR technologies. Among those products are military and civilian products, such as gyro-stabilized infrared cameras for maritime vessels and light aircraft.

With the addition of FLIR to its portfolio, Teledyne Technology (NYSE: TDY) will now provide optoelectronic solutions for drones, aviation, maritime transport, satellites, and ground surveillance systems. Research firm Markets and Markets predicts Teledyne’s target market will reach $30 billion in 2025.

Teledyne Technologies Inc (TDY) stock slumped -1.67% to close at $402.58 at the close of the last trading session. A volume of 0.37 million shares was recorded above the average daily volume of 0.31 million shares over the previous 50 days. Teledyne Technologies Incorporated’s shares have declined by -2.39% in the last five days, but they have lost -5.42% over the last month. This year, the stock price has gained 2.70% while falling -1.45% over the past three months. Furthermore, the stock is trading at a price-to-earnings ratio of 37.80. This company has a price-to-cash-flow ratio of 23.97 and a price-to-sales ratio of 4.62.

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