Flir Systems acquires Extech Instruments
Looks to expand IR thermography product offerings
Flir Systems has announced that it will acquire Extech Instruments in a merger expected to improve Flir's position in the infrared thermography channel.
"The addition of Extech will expand FLIR's access to key distribution channels for its emerging low-price thermography products and provide access to low-cost manufacturing in Asia," Flir said in a statement.
Extech Instruments is a major supplier of test and measurement equipment. Jerry Blakely, Extech's president and owner,
“This is an exciting opportunity for Extech, our customers, our distributors, and our employees,” said Blakeley. “This acquisition will create new opportunities in distribution, product development and branding, which will extend and strengthen Extech’s position in competitive markets.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey