Acquisition

The Vitec Group PLC 07 February 2003 7 February 2003 The Vitec Group Acquisition of O'Connor Engineering Laboratories The Vitec Group plc ('Vitec'), the international supplier of products, services and solutions to the Broadcast, Entertainment and Media industries, announces that on 6 February 2003 it purchased the business of O'Connor Engineering Laboratories ('O'Connor') from Autocue Inc. for $2.7 million in cash. Vitec has purchased O'Connor's operating assets and assumed certain of its liabilities, not including borrowings. O'Connor designs and manufactures pan & tilt camera heads principally for the film industry and is based in Costa Mesa, California. Sales in the year to 30 April 2002 were $2.9m. Commenting on the acquisition, Gareth Rhys Williams, Chief Executive of Vitec said: 'This acquisition gives Vitec a foothold in camera supports for the film market and enhances the development capability of our broadcast camera systems division in the emerging high definition market.' -Ends- Contacts: Gareth Rhys Williams Telephone: 020 8939 4650 The Vitec Group plc Rob Gurner Telephone: 020 7831 3113 Financial Dynamics Notes to Editors The Vitec Group plc supplies a wide range of equipment and services to the broadcasting, entertainment, photographic and retail display industries. Its products are distributed in nearly 100 countries, either through dealerships or direct to the end user or corporate sector, and it has manufacturing facilities in five countries. Vitec, with brands such as Sachtler, Vinten, Manfrotto and Clear-Com, is a major force in its chosen specialised fields. This information is provided by RNS The company news service from the London Stock Exchange

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