October 15, 2013 – FLIR Systems Inc.—a global player in the design, manufacture and marketing of sensor systems, such as IR cameras—says it is realigning multiple production and engineering organizations and streamlining its global operations to better position itself to develop, produce and market products “more quickly and cost-effectively”.
“The realignment of operations announced today is the culmination of a strategic operations review we began this past summer to further enhance operating efficiency and profitability, and to improve our internal execution with better communication, collaboration and cooperation across the company,” said Andy Teich, company president and CEO.
The realignment includes closing up to six sites in the United States and Europe, and a proposed transfer of those operations to larger FLIR facilities. FLIR also intends to consolidate its optics and laser manufacturing businesses to better realize the benefits of vertical integration in these areas. Management expects savings from these actions to exceed $20 million per year when fully implemented.