Tessera Tech Sells Micro-Optics Assets To FLIR Systems For About $15 Mln

(RTTNews) - Tessera Technologies Inc. (TSRA) announced that FLIR Systems Inc. has acquired a significant portion of the assets of Tessera's Micro-Optics business based in Charlotte, North Carolina. Total consideration paid by FLIR was about $15 million.

In the fourth quarter of 2012, the company announced that its Micro-Optics business in Charlotte, North Carolina was no longer part of its long-term strategy, and that it was exploring strategic alternatives for this business. In the second quarter of 2013, the company actively pursued a sale of this business and started classifying the business as discontinued operations.