Vislink Announces the Acquisition of Amplifier Technology
Vislink plc (the "Group"), the global technology business specialising in high performance wireless communications products and services for the broadcast, defence and security markets, today announces the acquisition of Amplifier Technology for a total maximum consideration of £4.0m cash which includes a maximum earn out of £2.0m to be paid if Amplifier Technology reaches an EBITDA of £3.0m for the year ending 30 June 2014. In order that any earn out is paid, Amplifier Technology must reach a minimum EBITDA of £1.0m.
Amplifier Technology is a leading RF design and manufacturer of amplifiers and jammers for the defence and surveillance market.
Its products compliments Vislink's current range and will benefit from Vislink's global distribution reach.
Amplifier Technology has been consistently profitable over the past three years and in the year ending 30 June 2012 revenues were £4.8m with adjusted EBITDA of £1.1m.
Commenting on the announcement, John Hawkins, Vislink's Executive Chairman, stated "we are pleased to have acquired Amplifier Technology which will enhance our product range in homeland security and defence markets and add to our ability to equip and protect the modern soldier."
Simon Taylor, Director of Amplifier Technology, commented "we are delighted to be joining the Vislink Group which no doubt will give us the opportunity to grow by exploiting the Vislink channels to market."