FLIR Systems
has entered into an agreement to acquire the stock of
Scientific Materials Corporation, a supplier of laser assemblies, laser components and materials, for $13 million cash. The transaction is expected to close within the next thirty days.
Based in
"We are seeing increasing demand for laser payloads in many of our systems, and the acquisition of SMC will give us greater control over the development, manufacturing, and cost of this important subassembly," commented Earl R. Lewis, President and CEO of FLIR Systems.
PMI falls as manufacturers feel the squeeze
17 months or two and a half years - which is it?