Digital Barriers acquires Stryker Communications

Surveillance business Digital Barriers has made its fourth acquisition of 2011 with the purchase of Stryker Communications.

Stryker designs and develops wireless video surveillance products for law-enforcement agencies. Its technologies allow for digital video recording and automatic number plate recognition.

Under the terms of the deal Digital Barriers is acquiring the entire issued share capital of London-based Stryker for an initial consideration of £750,000. A subsequent payment of £750,000 is dependent on certain financial and operational targets in the period between completion and 30 September 2012.

Colin Evans, managing director of London-headquartered Digital Barriers, says that Stryker brings with it an ‘impressive range’ of surveillance products and product engineering capability.

He adds: ‘Harnessing this capability will allow Digital Barriers to draw on the strengths of its entire intellectual property (IP) portfolio and develop a range of leading-edge, readily deployable products.

‘This is increasingly the type of solution our customers need and demand.’

On the back of the acquisition Digital Barriers says it will now be able to meet the ‘increasing’ demand from its security and defence customers for rapidly deployable, ‘out of the box’ products.

Managing director of Stryker, Dave Oliver, comments: ‘Digital Barriers has moved quickly in the last eighteen months to become an exciting, innovative player in the advanced surveillance sector.

‘We believe that the combination of our products and engineering capabilities with the Digital Barriers IP and sales platform represents a great opportunity for both our teams to capitalise on the ever changing, increasingly sophisticated demands of the homeland security marketplace.’

For the year to date 30 April 2011, Stryker had a reported turnover of £1.03 million and earnings before interest and tax of £80,000.

The deal for Stryker builds on a busy M&A period for Digital Barriers who have spent over £20 million to secure the purchases of Keeneo SAS, Zimiti and Essential Viewing Systems, in the past nine months.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

Related Topics