Global Expansion

xG Technology Announces $16 Million Acquisition

The Sarasota wireless communications company is purchasing U.K.’s Vislink Communication Systems.

By staff October 21, 2016



Roger branton tezpgi

                                                                                  xG Technology CFO Roger Branton


Sarasota-based xG Technology, Inc., which provides wireless communications, has entered into a binding agreement to acquire the assets of the Vislink Communication Systems ("Vislink") division from Hungerford, United Kingdom-based Vislink, Plc. The purchase is expected to close by year-end 2016.  Vislink Communication Systems, which has a present year sales run rate that is expected to be between $45M-$50M, specializes in the wireless capture, delivery and management of secure, high-quality, live video from the field to the point of usage, or "from scene to screen." Vislink serves two core markets: broadcast & media and public safety & surveillance. Based in Sarasota, Florida, xG has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market.

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