FLIR Systems has entered into an agreement to acquire a controlling interest in Cedip Infrared Systems in a deal that values the French company at 62.7 million euros (approximately $86.4 million).
CEDIP Infrared has launched an Initial Public Offering (IPO) on the Alternext market of the Euronext Exchange. The company’s existing 2,500,000 shares of stock have been admitted on Alternext. In addition, a maximum of 712,500 new shares have been issued and admitted to the exchange.