Teledyne, a provider of instrumentation, digital imaging products and software, completed the acquisition of FLIR Systems, an industrial technology company focused on intelligent sensing solutions for defense and industrial applications, for $8.2bn. FLIR stockholders received $28 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total price of $57 per FLIR share. “We appreciate the support from our stockholders, and I am delighted to welcome FLIR to the Teledyne family. As a combined company, Teledyne FLIR will uniquely provide a full spectrum of imaging technologies and products spanning X-ray through infrared and from components to complete imaging systems. Teledyne FLIR will also provide a complete range of unmanned systems and imaging payload across all domains ranging from deep sea to deep space," Robert Mehrabian, Teledyne Executive Chairman.