FLIR Systems, Inc. has entered into an agreement to acquire Endeavor Robotic Holdings, Inc., formerly known as iRobot Defense & Security, a developer of tactical unmanned ground vehicles (UGV) for the global military, public safety, and critical infrastructure markets from Arlington Capital Partners for $385 million in cash.
Based in Chelmsford, MA, USA, Endeavor Robotics has shipped more than 7,000 UGVs to customers in more than 55 countries. The company’s ground robots utilize advanced sensing and actuation in providing explosive ordnance disposal, reconnaissance, inspection, and hazardous materials support for troops, police, and industrial users at stand-off range, according to FLIR. Additionally, the company is one of the largest UGV suppliers to the United States Department of Defense and was recently awarded the U.S. Army’s Man Transportable Robotic System Increment II (MTRS Inc II) contract.
“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,” said Jim Cannon, President and CEO of FLIR Systems. “This acquisition aligns with our evolution from sensors to intelligent sensing and ultimately solutions that save lives and livelihoods. Endeavor’s momentum with the U.S. DoD and other global defense and police forces provides us significant opportunity to participate in long-term franchise programs and will help us create growth for the company.”
Upon closing of the deal—which is expected in the first quarter of 2019—Endeavor will be part of the FLIR Government and Defense Business Unit’s Unmanned Systems and Integrated Solutions Division.
View the FLIR press release.