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FLIR buys Lorex for $59 million

October 31, 2012Martha Entwistle

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.“We believe as the cost comes down, the value proposition offered by thermal technology is something that every security camera owner will be interested in,” Andy Teich, president of FLIR's commercial systems division, told Security Systems News.Lorex...

Digimerge, FLIR Systems, Lorex Technology

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