UK-based Vislink plc, which owns the Advent, Link, MRC and Gigawave brands, announced that it will acquire Amplifier Technology, a provider of RF amplifiers and jammers for the defense and surveillance market, for up to £4.0m ($6.2m) in cash.
Vislink says that Amplifier’s products will be incorporated into its MAG (military and government) business unit, which caters to homeland security and defense clients.
Under the terms of the deal, Vislink will pay £2m at the close of the acquisition, and an earn-out of up to an additional £2m if Amplifier achieves EBITDA of £3m for the year ending 30 June 2014. In order that any earn out is paid, Amplifier Technology must reach a minimum EBITDA of £1m.
According to Vislink, Amplifier “has been consistently profitable over the past three years and in the year ending 30 June 2012 revenues were £4.8m with adjusted EBITDA of £1.1m.”
Press Release: Vislink Announces the Acquisition of Amplifier Technology
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