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Vitec acquires Camera Corps for £8m

By BFN News | 09:49 AM | Wednesday 11 April, 2012

The Vitec Group, the international provider of products and services for the broadcast, photographic, and MAG (military, aerospace and government) markets, announces that it has acquired the entire share capital of Camera Corps Limited. Camera Corps is a provider of speciality remote camera systems used by broadcasters for capturing high quality images, particularly at major sporting events. Estimated net consideration of £8.0 million was financed out of Vitec's existing banking facilities. At 9:49am: (LON:VTC) The Vitec Group share price was +8p at 678p Story provided by