Vislink PLC
30 July 2007
Vislink plc
Acquisition of Focus Communications Inc
Vislink plc ('Vislink' or the 'Group') announces the acquisition of Focus
Communications, Inc, trading as Western Technical Services ('WTS') for a maximum
cash consideration, dependent on performance, of $5.5 million (£2.7m).
WTS, based in Orange County, California, specialises in the design and
installation of video and data microwave communications, Electronic News
Gathering (ENG), Airborne Law Enforcement (ALE), cellular and PCS, satellite,
video surveillance, fibre optics and site control systems. WTS has been a Value
Added Reseller (VAR) representing Microwave Radio Communications since its
formation in 1990. WTS currently employs circa 20 people. The founders and
management team are all remaining to expand the business substantially following
the acquisition.
A key part of the Group's strategy is to create incremental long-term recurring
revenue opportunities by building a US Technical Services business through both
organic and acquisition led growth. The acquisition of WTS will enhance service
revenues from both the domestic US BAS relocation project and the Defence, Law
Enforcement and Security markets as well as providing recurring revenues as the
broadcast market moves towards contracted out services.
Commenting on the acquisition, Ian Scott-Gall, Chief Executive of Vislink, said:
'WTS is an excellent strategic addition to our US business. The acquisition will
accelerate our move into the US Technical Services market to provide recurring
revenues and long-term growth opportunities. We are delighted to welcome WTS and
all its employees to the Group'
---- Ends ----
Vislink plc is a leading supplier of microwave radio and satellite transmission
products for the broadcast and security markets and of CCTV systems for the
marine security market. The Group's website is www.vislink.com
For further information on Monday 30th July 2007, please contact:
Ian Scott-Gall 01488 685500
Chief Executive, Vislink plc
James Trumper 01488 685500
Group Finance Director, Vislink plc
James White (Hudson Sandler) 0207 796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
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