[SatNews] With a nearly four million pounds purchase price, the Company acquires tried and tested technology...

Vislink plc, a global technology business specializing in secure communications products and services for the news and entertainment and law enforcement and public safety markets, has announced that on June 2, 2011, it acquired the entire issued share capital of Gigawave Limited for a cash consideration of 3.75 million pounds. Based in Colchester, Essex, U.K., Gigawave is privately owned by a number of individual shareholders and employs 87 people. Gigawave is a leading designer, manufacturer and supplier of wireless camera, microwave and antenna products for the broadcast market. Gigawave has a particular strength in "on-board" applications for motorsport events around the world. Gigawave will complement and broaden the Group's capabilities in terms of engineering, product portfolio and geographic reach and will therefore strengthen the Group's position in its broadcast market. Gigawave will be integrated into the Group's U.K. operations so as to realize the benefits expected from improved global distribution of all the Vislink brands and operational efficiencies. Gigawave's founder and existing Managing Director, Henry Barczynski, will serve the Group as Chief Marketing Officer reporting to the Chairman and Chief Executive, John Hawkins.