FLIR Systems finalizes acquisition of Endeavor Robotics
WILSONVILLE, Ore. Mar. 4, 2019-- FLIR Systems has completed its previously announced acquisition of Endeavor Robotic Holdings -- a leading developer of battle-tested, tactical unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets -- from Arlington Capital Partners for $382 million in cash.
The Chelmsford, Massachusetts-based Endeavor -- previously known as iRobot Defense & Security -- makes highly mobile ground robots that use advanced sensing and actuation to accomplish explosive ordnance disposal, reconnaissance, inspection, and hazardous materials support for military, police, and industrial users at stand-off range. Endeavor is one of the largest UGV providers to the U.S. Department of Defense and remains a key supplier of unmanned systems for the accelerating modernization of global military and law enforcement operational assets.
Jim Cannon, president and CEO of FLIR Systems, said of the deal: “With the addition of Endeavor, FLIR becomes a leading provider of unmanned aerial and ground solutions to support the needs of warfighters, and public safety and critical infrastructure professionals.”
Endeavor joins the FLIR Government and Defense Business Unit’s Unmanned Systems and Integrated Solutions division.