The Vitec Group acquired Amimon Inc for $55.0m

The Vitec Group plc, the international provider of products and solutions to the Broadcast and Photographic markets, has acquired Amimon Inc., consisting primarily of its Israeli subsidiary Amimon Limited for $55.0 million (£42.3 million) in cash. The acquisition is part of Vitec's strategy to develop and grow in the wireless video market and will give Vitec access to patented core technology as well as new intellectual property.