xG Technology To Acquire Vislink for $16B
xG Technology has entered into a binding agreement to acquire the assets of the Vislink Communication Systems division from Hungerford, United Kingdom-based Vislink, Plc. The purchase is expected to close by year-end 2016. xG, which owns Integrated Microwave Technologies (IMT), had previously entered into a letter of intent (“LOI”) and has now entered a binding agreement to acquire Vislink.
Vislink Communication Systems, which has a present year sales run rate that is expected to be between $45M-$50M, specializes in the wireless capture, delivery and management of secure, high-quality, live video from the field to the point of usage, or “from scene to screen.” Vislink delivers global solutions comprising hardware and related services to two core markets: broadcast & media and public safety & surveillance. In the broadcast & media market, Vislink provides broadcast communication links for the collection of live news, sport and entertainment events. In the public safety and surveillance markets, Vislink provides secure video communications and mission-critical solutions for law enforcement, defense and homeland security applications.