Acquisition

30 Jul 2007 07:01

Vislink PLC30 July 2007 Vislink plc Acquisition of Focus Communications Inc Vislink plc ("Vislink" or the "Group") announces the acquisition of FocusCommunications, Inc, trading as Western Technical Services ("WTS") for a maximumcash consideration, dependent on performance, of $5.5 million (£2.7m). WTS, based in Orange County, California, specialises in the design andinstallation of video and data microwave communications, Electronic NewsGathering (ENG), Airborne Law Enforcement (ALE), cellular and PCS, satellite,video surveillance, fibre optics and site control systems. WTS has been a ValueAdded Reseller (VAR) representing Microwave Radio Communications since itsformation in 1990. WTS currently employs circa 20 people. The founders andmanagement team are all remaining to expand the business substantially followingthe acquisition. A key part of the Group's strategy is to create incremental long-term recurringrevenue opportunities by building a US Technical Services business through bothorganic and acquisition led growth. The acquisition of WTS will enhance servicerevenues from both the domestic US BAS relocation project and the Defence, LawEnforcement and Security markets as well as providing recurring revenues as thebroadcast 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 willaccelerate our move into the US Technical Services market to provide recurringrevenues and long-term growth opportunities. We are delighted to welcome WTS andall its employees to the Group" ---- Ends ---- Vislink plc is a leading supplier of microwave radio and satellite transmissionproducts for the broadcast and security markets and of CCTV systems for themarine security market. The Group's website is www.vislink.com For further information on Monday 30th July 2007, please contact: Ian Scott-Gall 01488 685500Chief Executive, Vislink plc James Trumper 01488 685500Group 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