Completion of Acquisition

RNS Number : 1225U

The Vitec Group PLC

16 December 2011

 



16 December 2011

The Vitec Group plc

Completion of Acquisition

On 30 September 2011, The Vitec Group plc ("Vitec") announced that it had signed an agreement to acquire the entire share capital of Haigh-Farr Inc. ("Haigh-Farr") for cash consideration of up to $36 million (£23.1 million).  Following receipt of regulatory approvals, Vitec is pleased to announce that it has completed the acquisition of Haigh-Farr.

Enquiries:

Stephen Bird, Group Chief Executive

Paul Hayes, Group Finance Director

[phone]

A Snapshot of The Vitec Group

Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Listed on the London Stock Exchange with 2010 revenue of £310 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely.  Vitec is organised in three divisions:  Imaging & Staging, Videocom and Services.

Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.

Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.

Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by TV production teams and film crews.

More information can be found at: www.vitecgroup.com.

 

END

 

 

ACQLIFSRFSLRLIL