After many months of uncertainty and offers from various companies, Raymarine has finally reached an agreement with FLIR Systems, Inc. that will see FLIR acquiring all the outstanding shares of its wholly owned subsidiary, Raymarine Holdings Limited.

While many offers have been presented to Raymarine over the past months, none seemed to have any legs until an agreement was reached with FLIR on May 14 to the tune of $180 million.  Included in the purchase price is a repayment of all Raymarine’s indebtedness and approximately $24 million in proceeds to Raymarine PLC.

FLIR Systems is a world leader in the design, manufacture and marketing of thermal imaging and stabilized camera systems 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 ground-based security. Visit the company's website at www.FLIR.com