Vitec Group has acquired the entire share capital of Camera Corps Limited for approximately £8m. Vitec said it financed the deal via existing banking facilities. Camera Corps will operate within Vitec’s Videocom Division and its existing senior management, including the founder, Laurie Frost, will remain with the business.
UK-based Camera Corps provides specialty remote camera systems, tracking, support systems and full service facilities to broadcasters.
Vitec company Bexel is an existing distributor of Camera Corps Q-Ball camera system.
According to Vitec CEO Stephen Bird “the acquisition is in line with our strategy of helping our customers capture exceptional images. There is a growing appetite among consumers for more unusual and interesting camera angles and Camera Corps is a world leader in helping broadcasters capture these moments.”
Vitec Press Release: ACQUISITION OF CAMERA CORPS
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