FLIR Systems agrees to buy Endeavor Robotic in $385m deal

13 February 2019 (Last Updated February 13th, 2019 11:11)

FLIR Systems has agreed to purchase US-based company Endeavor Robotic Holdings from Arlington Capital Partners for $385m.

FLIR Systems agrees to buy Endeavor Robotic in $385m deal
Endeavor’s PackBot is used to disable roadside bombs, clear IEDs and other dangerous missions. Credit: Business Wire.

FLIR Systems has agreed to purchase US-based company Endeavor Robotic Holdings from Arlington Capital Partners for $385m.

Endeavor Robotic is a provider of mission-critical unmanned ground vehicles (UGVs) to the US Department of Defense (DoD), global military, law enforcement, public safety, and critical infrastructure customers.

The company’s family of UGVs includes 5lb throwable FirstLook reconnaissance robot, the small unmanned ground vehicle (SUGV) PackBot, and 500lb Kobra heavy-lift robot systems.

The ground-based robots are deployed for explosive ordnance disposal, reconnaissance, inspection, and hazardous materials support.

Endeavor CEO Sean Bielat said: “Joining forces with FLIR Systems will allow Endeavor to take its life-saving technology to the next level, so we can better serve the warfighter, the police officer, and the first responder who use our robots on the front lines every day.”

Formerly known as iRobot Defense & Security, Endeavor has delivered more than 7,000 UGVs to customers in over 55 countries to date.

“This acquisition aligns with our evolution from sensors to intelligent sensing and ultimately solutions that save lives and livelihoods.”

In 2017, the company was awarded the DoD’s Man Transportable Robotic System Increment II (MTRS Inc II) contract to build medium-weight, remotely operated, man-transportable robotic systems.

The company unveiled the design details of its new multi-mission ‘back-packable’ UGV Scorpion.

The latest deal follows the acquisition of Canada-based Aeryon Labs for $200m.

Aeryon Labs develops high-performance unmanned aerial systems for government and commercial applications.

FLIR Systems president and CEO Jim Cannon said: “The acquisition of Endeavor Robotics, coupled with previous acquisitions of Aeryon Labs and Prox Dynamics, has positioned FLIR as a leading unmanned solutions provider and advances the strategy we detailed at our investor day last year.

“This acquisition aligns with our evolution from sensors to intelligent sensing and ultimately solutions that save lives and livelihoods. Endeavor’s momentum with the US DoD and other global defence and police forces provides us significant opportunity to participate in long-term franchise programmes and will help us create growth for the company.”

The Endeavor transaction is expected to be completed in the first quarter of this year.

Following the deal, Endeavor will operate as part of FLIR government and defence business unit’s unmanned systems and integrated solutions division.