Sponsored by Oregon Business

Deal Watch: Infrared meets imaging in FLIR deal

| Print |  Email
Archives - August 2009
Wednesday, July 22, 2009
BY JON BELL

DealWatch_flircamera

 

DON'T LOOK for any grand strategy shifts or flashy new markets behind FLIR Systems' recent acquisition of the Colorado imaging firm Salvador Imaging.


Despite the fact that Salvador counts veterinary X-rays and semiconductor device inspection among its specialties, FLIR's vice president of corporate strategy, Tony Trunzo, says those are niche markets that will remain as such.

Instead, Trunzo says FLIR dropped $13 million in cash for the 30-person company as a way to vertically integrate Salvador's sophisticated low-light cameras and technology.

"Our acquisitions take two to three different forms," Trunzo says. "Some add distribution, some add to our product line, but the most common is vertical integration. I'd say this is a pretty good example of that strategy, and it's reflective of what we've been doing with our (acquisitions) over the past few years."

Salvador specializes in low-light video cameras that run at speeds in excess of 100 million frames per second. The cameras are able to create visible images in color or monochrome with very low levels of light.

That will come in handy for FLIR's Commercial Vision Systems division, especially in the low-light security sector.

"With infrared, you can't ID things," says Trunzo. "With low-light imaging, you're able to, for example, read a license plate in the dark. This gives us an in-house source of those types of cameras."

Wilsonville-based FLIR, which had revenues of $1.1 billion in 2008, will work on fusing its infrared capabilities with Salvador's imaging technology in an effort to expand security and surveillance offerings to commercial customers. Trunzo says FLIR also hopes to do with low-light imaging what it's done with infrared: lower the price.

"We ultimately see this as having substantial commercial applications," Trunzo says, "and we also believe we can take this technology and drive down the cost like we've done with infrared."

REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
$55M Shin-Etsu Handotai Group (Japan) 174 acres industrial (Vancouver)/Hewlett Packard (CA) 6/26
$6.2M Dutton Acquisitions (Portland) 126,338 sq. ft. industrial building (Portland)/Realty Associates Fund VI (MA) 6/22
$4M Columbia Crest Townhomes (Portland) Columbia Crest apartments (Troutdale)/Columbia Crest Apartments (Portland) 6/22
$1.7M Westmoreland Apartments (Portland) 16-unit apartment complex (Portland)/R& A Husari (Portland) 6/22
$1.2M DECCA Hardwood (Portland) 12,000 sq. ft. building (Newberg)/Nilles Family Trust (Newberg) 6/22
$1.1M 434 Investors LLC (Portland) 3,100 sq. ft. retail property (Hat Creek Cattle (Portland) 6/1
$897,000 Lady of America (MD) office property (Beaverton)/9550 Property (Portland) 6/30
ND Aspire Business Group (Bend) National Fitness & Racquetball Club (Bend)/Israel Love (Bend) 6/15
ND Jolyn of Gladstone (Gladstone) 1,800 sq. ft. retail (Portland)/Nasian (Gladstone) 6/30

CAPITAL RAISING AND CONTRACTS
PRICE (TYPE) COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) ANNOUNCED
$87M (TARP funds for renegotiating mortgages) Wilshire Credit (Beaverton)/Jay Memmot U.S. Treasury 6/24
$17M (hydroelectric plant loan) Central Oregon Irrigation District Oregon Dept. of Energy 6/1
$16.8M (renewable energy stimulus funds) State of Oregon U.S. Dept. of Energy 6/26
$14M (pipe orders) Northwest Pipe (Vancouver)/Brian Dunham Ames Construction (UT) and SJ Louis Construction (TX) 6/3
$13.4M (Astoria-Megler bridge contract) Abhe & Svoboda (MN)/Gail Svoboda ODOT 6/2
$11M (pipe order) Northwest Pipe (Vancouver)/Brian Dunham Oscar Renda Contracting (TX) 6/8
$7.3M (credit facility) Merix (Beaverton)/Michael Burger Industrial and Commercial Bank of China (China) 6/29
$7M (pipe order) Northwest Pipe (Vancouver)/Brian Dunham Slayden Construction Group (Stayton) 6/4
$3.9M (bridge re-routing contract) High Desert Aggregate & Paving (Redmond)/Michael Moore ODOT and Federal Highway Commission 6/16
$3.7M (reservoir contract) Nutter (Vancouver)/Jerry Nutter City of Portland 6/4
$3.4M (building demo and construction contract) S&B James Construction Management (White City)/Tom Hall Department of Veterans Affairs (Portland) 6/19
$2M (venture funding) Reductive Labs (Portland)/Luke Kanies True Ventures (CA) 6/24
$1.9M (traffic signal replacement contract) Cherry City Electric (Salem)/Ray Ellis Oregon Transportation Commission 6/23
$471,500 (dredging contract) Nehalem River Dredging (Nehalem)/Vern Scovell U.S. Army Corps of Engineers 6/29
$390,700 (stimulus grant) West Salem Clinic (Salem)/Paul Logan U.S. Dept. of Housing and Urban Development 6/11
$290,000 (fish passage contract) R.L. Reimers Company (Albany)/Ronald Reimers U.S. Dept. of Agriculture 6/1
$196,000 (helicopter services contract) Hillsboro Aviation (Hillsboro)/Max Lyons U.S. Dept. of the Interior 6/3
$155,000 (pedestrian bridge contract) Civil Construction (The Dalles)/Paul Wolf City of Tualatin 6/16
ND (multimillion dollar investment) PV Powered (Bend)/Gregg Patterson Evans Renewable Holdings (Vancouver) 6/1

MERGERS AND ACQUISITIONS
PRICE EXP. CLOSE BUYER / PARENT (HQ) SELLER / PARENT (HQ) ANNOUNCED
$13M Q2 FLIR Systems (Portland) Salvador Imaging (CO) 6/11
$4M Q2 FEI (Hillsboro) JFTech (Australia) 6/15
ND Q2 Delap (Lake Oswego) Symonds Evans & Co (Portland) 6/1
ND Q2 John L. Scott Real Estate (WA) Persimmon Realty (Gresham) 6/29
ND Q3 Rivermark Community Credit Union (Beaverton) Oregon Territory Federal Credit Union (Salem) 6/17
ND Q2 Vyant Technologies (Eugene) Oldfield's Appliance and Home Theater (Eugene) and Wolf Security (Eugene) 6/11

 

More Articles

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

On the Road

April 2015
Friday, March 27, 2015
BY LINDA BAKER

My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.


Read more...

Nuclear fingerprints

March 2015
Tuesday, February 24, 2015
BY LINDA BAKER | OB EDITOR

At Oregon State University, a 21st century version of the bad dream — nuclear terrorism — is alive and well. This winter, the Department of Nuclear Physics and Radiation Health Physics created a new interdisciplinary graduate emphasis in nuclear forensics, a Sherlock Holmes-sounding program that aims to identify how and where confiscated nuclear and radiological materials were created.


Read more...

Green Rush: Cashing in on legal marijuana

March 2015
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR

Marijuana is big business in Oregon, and it’s about to get bigger.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

6 chiefs of staff dish on their bosses

The Latest
Thursday, February 05, 2015
legilistiblog-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask chiefs of staff for the scoop on Oregon legislators.


Read more...

Beyond Bodegas

April 2015
Friday, March 27, 2015
BY JACOB PALMER

Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development. 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS