Image processing technology expert FLIR Systems has aquired another image processing technology expert Point Grey Research for an approximate price of $259 million.
Point Grey research designs machine-vision supporting cameras and other accessories to develop that in their systems. FLIR supplies products for various applications of image sensing including thermo-image-sensing.
"The acquisition of Point Grey provides us a strong, proven, and profitable platform from which to integrate thermal technology into the underpenetrated industrial vision and people counting markets," said Andy Teich, President and CEO of FLIR. "We are pleased to have the Point Grey team join FLIR and we look forward to working with them to innovate advanced intelligent imaging solutions for the customers in the machine vision space."