Vislink plc, the global technology business specialising in high performance wireless communications products and services for the broadcast, defence and security markets, has acquired 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.
John Hawkins, Vislink's Executive Chairman said: "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."
Whilst Simon Taylor, Director of Amplifier Technology enthused: "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."