A compact, lightweight hand held target acquisition device, comprising of an infra red imager, colour CCD camera, eye safe laser range finder, global positioning system and digital magnetic compass has been developed. The aim was to develop a compact, lightweight, modular and man-portable multi function electro-optical system with a recognition range of 1 km for vehicles and 500 m for human movement enabling day and night time surveillance, target ranging capability, ability to generate coordinates of the operator and estimation of target coordinates. Hand Held target acquisition device operates on 12 V DC, has integrated signal processing for all the sensors and display electronics with a weight of 3 kg. Overview of the system, design methodology, performance modeling, range simulation of both the IR Imager and Colour CCD Camera and field results have been presented.