FLIR Systems
has entered into an agreement to acquire the stock of
Scientific Materials Corporation, a supplier of laser assemblies, laser components and materials, for $13 million cash. The transaction is expected to close within the next thirty days.
Based in
"We are seeing increasing demand for laser payloads in many of our systems, and the acquisition of SMC will give us greater control over the development, manufacturing, and cost of this important subassembly," commented Earl R. Lewis, President and CEO of FLIR Systems.
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Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?