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FLIR Systems company history timeline

1978

The company was founded in 1978 to pioneer the development of high-performance, low-cost infrared (thermal) imaging systems for airborne uses.

1986

Lewis joined Flir from Thermo Instrument Systems, Inc., an instruments manufacturer he took public in 1986.

1990

In 1990, the company acquired the industrial infrared imaging group of Hughes Aircraft Company.

1993

In June 1993, the company became a public company via an initial public offering, raising $12 million.

1997

1997: Agema Infrared Systems AB is acquired.

1998

In January 1998, the company acquired Agema Infrared System of Sweden for approximately $80 million.

1999

In April 1999, the company acquired Inframetrics.

2000

In March 2000, the company announced that its fourth quarter results would be materially below expectations, with the cause stated as errors made when the company consolidated entries for subsidiaries in the United States and Europe.

In May 2000, Stringer was fired by the board of directors due to errors in the company's accounting practices, Earl Lewis replaced Stringer as President & CEO of the company, and PricewaterhouseCoopers was dismissed as auditor.

2003

In 2003, Lewis approached a Santa Clara, California-based manufacturer of infrared technology components named Indigo Systems Corp.

2004

In 2004, the company acquired a building in Wilsonville, Oregon, from Mentor Graphics for $10.3 million for use as a new headquarters.

2005

Beginning in 2005, the company began supplying BMW with imaging technology for use on its vehicles.

2007

In October 2007, the company acquired Extech Instruments for $40 million.

FLIR had been sued by investors for options backdating but the lawsuits were thrown out in November 2007.

2008

In April 2008, the company acquired Ifara Tecnologias of Spain for €7.0 million.

2009

In December 2009, it sold Extech Data Systems, a division of Extech which made portable printers.

Also in December 2009, the company acquired security hardware maker Directed Perception for $20 million.

2010

In May 2010, the company acquired bankrupt Raymarine for $180 million.

2011

In 2011, after losing a trade secrets claim against the founders of Indigo Systems, FLIR agreed to pay $39 million to settle a countersuit.

2012

In December 2012, the company acquired Lorex Technology for $60 million.

2013

In May 2013, Andrew C. Teich was appointed President & CEO after the retirement of Earl Lewis.

2015

In April 2015, the company paid $9.5 million to settle allegations of violations of the Foreign Corrupt Practices Act after it paid for a world tour for Saudi Arabian officials.

2016

In February 2016, the company's technology was used by Bullitt Group and Caterpillar Inc. in a mobile phone that uses its lightweight thermal imaging technology.

In November 2016, FLIR acquired Point Grey Research, owner of the Brickstream brand of camera products, for $259 million.

2017

In May 2017, Jim Cannon was appointed President & CEO of the company.

2018

Lorex was sold to Dahua Technology in 2018 for $29 million.

2019

In October 2019, the company acquired patents related to tethered drones, which are connected to the ground with a cable and can stay aloft much longer than drones powered by batteries, from Aria Insights.

2020

In April 2020, during the COVID-19 pandemic, the company released a thermal camera that can be used to identify elevated skin temperature.

2021

The acquisition was completed in May 2021.

2022

2022 © Teledyne FLIR LLC All rights reserved.

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Founded
1978
Company founded
Headquarters
Wilsonville, OR
Company headquarter
Founders
Mark Terrell
Company founders
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FLIR Systems may also be known as or be related to FLIR Systems, FLIR Systems Inc, FLIR Systems, Inc., Flir Systems, Inc., Teledyne FLIR LLC and Teledyne FLIR, LLC.