Back at the start of the month, it seems that Vislink acquired the entire issued share capital of wireless camera and microwave specialist Gigawave for a cash consideration of £3.75 million.
“Gigawave is privately owned by a number of individual shareholders and employs 87 people,” says a statement. “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 UK operations so as to realise the benefits expected from improved global distribution of all the Vislink brands and operational efficiencies. Gigawave’s founder and existing Managing Director, Henry Barczynski, MM will serve the Group as Chief Marketing Officer reporting to the Chairman and Chief Executive, John Hawkins.
John Hawkins, Vislink’s Chairman and Chief Executive, commented on the acquisition: “We are delighted to announce the acquisition of Gigawave, which will broaden our offering within the broadcast market. The Gigawave business and its management are well known to us and we look forward to the Gigawave and Vislink teams working together, sharing product developments, distribution and sales opportunities.”
