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FLIR buys Lorex for $59 million

FLIR to deploy 'a lot more cameras,' predicts thermal technology will be common in cameras sold through the channel and in ‘big box’ stores
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10/31/2012

WILSONVILLE, Ore.—With a plan to make thermal technology ubiquitous in enterprise and consumer-grade cameras, FLIR Systems on Oct. 25 agreed to pay $59 million to acquire Lorex Technology, a Toronto-based video surveillance provider.