The Vitec Group plc (“Vitec”), the international provider of products and services for the broadcast, photographic, and MAG (military, aerospace and government) markets, announces that it has agreed to acquire the entire share capital of Haigh-Farr Inc. (the “Haigh-Farr”). The acquisition strengthens Vitec’s position as a leading provider of video solutions for Military, Aerospace and Government (MAG) markets. The transaction is subject to the approval from the Committee on Foreign Investment in the United States (CFIUS), which is expected by the end of November 2011.
Haigh-Farr has over 30 years of experience in the design, manufacture and sales of flight-body antennas for simple and sophisticated communication applications. It serves the defence, space and commercial markets providing high quality, application specific antennas for challenging communication environments.
The acquisition will complement Vitec's existing range of MAG solutions. Vitec has a successful track record in the US and international MAG market through its company Integrated Microwave Technologies LLC, headquartered in Mt. Olive, New Jersey, a leader in advanced digital microwave video systems for mission-critical applications.
Haigh-Farr will operate as a standalone business within Vitec's Videocom Division and its existing senior management, including the CEO, David Farr and the Vice President, Norene Farr, will be retained by the business.
Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets, and is organized in three divisions: Imaging & Staging, Videocom and Services.