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[October 2007]
Extech Instruments To Be Acquired By FLIR
Jerry Blakeley, President and owner of Extech Instruments Corporation, has announced that he has entered into an agreement whereby the stock of the company is to be acquired by FLIR Systems Inc. The transaction, which is subject to various standard closing conditions, is expected to close within the fourth quarter. Extech Instruments Corporation, based in Waltham, MA, USA, is a leading supplier of test and measurement instruments and portable receipt printers with distribution in over 90 countries.
The acquisition will create opportunities in distribution, product development and in branding to further Extech’s position in competitive markets. Extech’s product portfolio will increase, adding thermal imagers and infrared (IR) cameras to the current 15 product categories.
Extech, known for an innovative approach to product development, has made extensive use of infrared technology for both measurement and for communication. Extech holds five patents incorporating IR in measurement instruments. It was the first company to introduce a portable printer with IrDA wireless communication.
Jerry Blakeley said: “This is an exciting opportunity for Extech, for our customers, our distributors, and our employees. I am looking forward with vigor to both enhancing and improving not only our product line but also the service we provide our customers. The Extech Brand will be stronger as a result of this acquisition”.
ENDS