Extech Instruments Acquisition by FLIR Systems
Waltham, MA: October 25, 2007 - Jerry Blakeley, President and owner of Extech Instruments Corporation announces 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, Massachusetts, 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 notes: "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."
About FLIR Systems:
FLIR Systems, Inc. located in Portland Oregon, is a world leader in the design, manufacturing, and marketing of thermal imaging and stabilized camera systems. The products are used for a wide variety of thermography and imaging applications including condition monitoring, research and development, manufacturing process control, airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, environmental monitoring and land-based security.
About Extech Instruments:
Extech Instruments Corporation is a privately held corporation whose high-value, handheld test instruments are sold through a network of national catalog houses, regional stocking distributors, and international master distributors. The company has become one of the largest manufacturers and suppliers of test equipment and portable printers and the Extech Instruments brand is highly regarded in many industries where we are the brand of choice. The company has built an enviable reputation for providing innovative products offering unique and patented designs with features, functions, and reliability at an affordable price.
For further information about Extech Instruments and its products, call 781-890-7440 or visit www.extech.com.
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