Vislink, the global technology business specialising in high wireless communications products and services for the broadcast, defence and security markets, has completed the acquisition of Pebble Beach Systems for a total consideration of £14.9 million, comprising £12.9 million payable in cash and £2.0 million represented by the issue of 4,700,904 new Vislink ordinary shares at a price of 42.545 pence per share.
Founded in 2000, Pebble Beach Systems is a developer and supplier of automation, ‘channel in a box’ and content management solutions for TV broadcasters, cable and satellite operators. The business is headquartered in Surrey, UK with offices in the USA, Dubai and Singapore.
Commenting on the acquisition, John Hawkins, Vislink’s Executive Chairman, stated: “Pebble Beach Systems is a perfect fit given our focus on product leadership and it will enable us to offer our global broadcasting clients a complete scene-to-screen solution. Additionally, the acquisition fits perfectly into our long term strategy of acquiring software and services capability that we hope to drive recurring revenues for the Group.”