Oregon-based FLIR Systems, Inc. announced this week it has purchased Richmond’s Point Grey Research, Inc., a leading developer of machine vision cameras for use in industrial, retail, scientific, traffic, mapping, and other advanced imaging applications, for approximately $253 million. Founded in 1997, Point Grey is a global leader in the development of advanced visible imaging cameras and solutions that are used in industrial automation systems, medical diagnostic equipment, people counting systems, intelligent traffic systems, military and defense products, and advanced mapping systems. The firm designs, manufactures, and distributes its cameras and related software to a global base of customers that build systems for improving the efficiency, quality, analysis, and safety of a wide range of processes and products. “Point Grey’s global presence and credibility in industrial vision systems provides a strong platform for us to integrate our leading thermal technology,” said Andy Teich, president and CEO of FLIR in a press release.“Point Grey is a proven, high-performing business with an impressive set of products, customers, processes, and people, all of which we see as being highly synergistic and strategically significant to FLIR.”
