Vislink plc (the ultimate parent company of Microwave Radio Communications) announced that it has reached an agreement to acquire 100% of the issued share capital of Pacific Microwave Research Inc. (“PMR”) – a Vista, CA based developer of analog and digital microwave video transmission solutions for law enforcement, homeland security and military applications. The acquisition of PMR is expected to complete before the end of September.
PMR products are used for video evidence collection, covert surveillance, unmanned ground and aerial vehicle control, and flight test air-to-ground image transmissions. The company’s principal shareholders, who have been instrumental in the development of the business, will continue at PMR working with the Vislink Group to capitalize on new opportunities in the law enforcement and homeland security markets both in the US and internationally.
“The acquisition of PMR is an important part of Vislink’s strategy to strengthen our product portfolio and design expertise in key domestic and international public safety markets” said Tony Finizio, Chief Operating Officer of Vislink USA. “PMR’s products are synergistic with MRC’s homeland security offerings, and open up new revenue opportunities with applications such as the Federal Government’s L-band relocation program.”
“The acquisition by Vislink brings us the scale and market reach we never could have achieved as a standalone company” added Chris Durso, President of PMR. “I look forward to working closely with MRC, Link Research and indeed the entire Vislink Group to develop and market industry leading microwave solutions for the law enforcement and security community.”