Massachusetts’ Endeavor Robotics Bought By Oregon’s FLIR Systems

Brian Dowling

Xconomy
Boston
— 

Endeavor Robotics, a military robot-maker based in Chelmsford, MA, is being bought by FLIR Systems for $385 million in cash, the companies announced Monday. Wilsonville, OR-based FLIR said the deal will bolster its growing unmanned systems business at a time when the U.S. military is increasingly planning on a robot-aided future.

FLIR (NASDAQ: FLIR)—which primarily makes thermal imaging cameras and other sensors—is buying Endeavor from Arlington Capital Partners, the Maryland-based private equity firm that picked up the robotics company for about $45 million when iRobot spun it off

... read more at: https://xconomy.com/boston/2019/02/11/endeavor-robotics-flir-systems-military-unmanned-systems-drones/

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