US Thermal imaging company FLIR Systems buys Raymarine

9:41 PM Fri 14 May 2010 GMT
US Thermal imaging company FLIR Systems announced today that it has entered into a definitive agreement with the Administrator of Raymarine plc to acquire all of the outstanding shares of its wholly owned subsidiary, Raymarine Holdings Limited. In a statement today FLIR says 'The transaction value of approximately $180 million includes repayment of all of Raymarine's indebtedness and approximately $24 million in proceeds to Raymarine plc which is equivalent to 20 pence per ordinary share. The acquisition represents the entire business operations of Raymarine and its subsidiaries. 'Raymarine, a world leader in the marine electronics industry, provides the most comprehensive ...

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