FLIR Systems Acquires Prox Dynamics for $134 Million

FLIR Systems announced that it has acquired Prox Dynamics AS, a leading developer and manufacturer of nano-class unmanned aerial systems (UAS) for military and para-military intelligence, surveillance, and reconnaissance applications, for approximately $134 million in cash.

Based in Oslo, Norway and founded in 2007 by pioneers in nano helicopter technologies, Prox Dynamics develops, manufactures, and distributes aerial sensors that are revolutionarily small, light, and covert surveillance systems.

Prox Dynamics is one of the most exciting tech companies from Norway - in the fiscal year of 2015, the company had $12M in revenues and took $1.5M in profits.