Vitec Group to Acquire Teradek

Wireless video provider will operate independently as part of Videocom
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BURY ST. EDMUNDS, SUFFOLK, ENGLAND—The Vitec Group has agreed to acquire Teradek, LLC, which is a provider of wireless video devices and platforms used by broadcasters, businesses and Web channels to transmit images.

Based in Irvine, Calif., Teradek products are used in live electronic news gathering, real-time monitoring and recording, aerial visual capture and webcasting.

“The business complements our market leading broadcast activities and is in line with our strategy of helping our customers capture exceptional images,” said Vitec Group Chief Executive Stephen Bird.

There is a growing demand for wirelessly transmitted images, and the acquisition will complement Vitec’s existing video activities. Teradek will operate as an autonomous business unit within Vitec’s Videocom division, and the current Teradek management will remain with the company.

For the financial year-ended Dec. 31, 2012, Teradek had sales of $10.4 million and generated an unaudited adjusted profit before tax of $1.6 million. At Dec. 31, 2012, Teradek had adjusted gross assets of $2.9 million.

Under the terms of the acquisition, the initial estimated consideration is $14.9 million. Teradek will be acquired on a debt/cash free basis.


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