WIMBORNE MINSTER, England, Dec. 9 (UPI) -- Britain's Cobham plc is acquiring the share capital of Rvision Inc. of California for $28 million payable in cash on completion of the deal.
An additional $20 million is payable from 2012-14, contingent on future performance.
RVision designs, manufactures and integrates technically advanced electro-optical and infrared imaging systems, including ruggedized pan/tilt/zoom cameras, hardened processors and tactical video hardware.
Rvision products can be used to protect critical infrastructure in a range of markets, including military, border security, law enforcement, nuclear and chemical plants, ports and harbors and various transport applications.
"We are very pleased that RVision is joining Cobham, as its distinctive electro-optical and infrared technologies will enable us to further develop our scaleable, modular and easily deployable integrated solutions, enhancing our position as a key technology solution provider in Surveillance markets," said Cobham Chief Executive Officer Andy Stevens.
Upon acquisition, Rvision will become part of Cobham's Surveillance Strategic Business unit, within the company's Avionics and Surveillance Division.
Rvision, a privately held company, has facilities in San Jose, Calif., and San Diego.
