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Adam Bannister is a contributor to IFSEC Global, having been in the role of Editor from 2014 through to November 2019. Adam also had stints as a journalist at cybersecurity publication, The Daily Swig, and as Managing Editor at Dynamis Online Media Group.
FLIR Systems has announced the acquisition of DVTEL for around $92m (£61m).
In a statement the manufacturer of thermal imaging infrared cameras said the merger with DVTEL, a video surveillance firm, would help it “offer differentiated and highly accurate perimeter security solutions for the upper corner of” its “security segment’s product value ladder” and serve a wide range of markets, including consumer, small and medium business, enterprise and infrastructure-level markets.
“FLIR’s strong position in thermal imaging together with DVTEL’s extensive video analytics and VMS capability will position us well to offer differentiated and highly accurate perimeter security solutions for the upper corner of our security segment’s product value ladder,” said Andy Teich, president and CEO of FLIR.
“DVTEL adds a suite of professional-grade security software and hardware that is very complementary to our current solutions and fits very well with our strategy to offer end-to-end solutions in the enterprise and infrastructure segments of the security market.”
FLIR Systems, which was founded in Oregon in 1978, provides thermal imaging and threat detection systems for a wide range of environments including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection.
DVTEL, which is headquartered in New Jersey, develops integrated video management system (VMS) software, video analytics software, regular and thermal security cameras and related servers and encoders.
The move is the latest in a series of major acquisitions in the surveillance market over the past two years. Canon has been a prime mover, snapping up Milestone Systems in 2014 and Axis Communications in 2015.
IN 2014 Vicon acquired IQinVision, OnSSI bought SeeTec and Panasonic’s acquired Video Insight.
A trend towards consolidation is occurring in what remains a highly fragmented market, with the 15 largest vendors accounting for just 52% of market revenues in 2014, according to IHS.
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FLIR Systems Acquires DVTEL for $92mThe merger will create an end-to-end surveillance provider capable of serving a wide range of markets, including consumer, small and medium business, enterprise and infrastructure-level markets.
Adam Bannister
IFSEC Insider | Security and Fire News and Resources
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