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LOS ANGELES, CA, November 06, 2014 /24-7PressRelease/ -- Skyview Capital LLC announced today that it has signed an agreement to acquire Integrated Microwave Technologies ("IMT") from the Vitec Group, plc (VTC).
IMT is a leader in advanced digital microwave video systems serving the Military & Government, Broadcast and Sports Entertainment markets. Headquartered in Mt. Olive, NJ IMT serves customers globally through its "IMT", "Nucomm" and "RF Central" brands.
"The acquisition of IMT allows Skyview to enter an exciting new communications industry segment. We are impressed by IMT's strong legacy of serving blue-chip customers in the broadcast and government sectors, dating back to 1991. We are planning to help the management team's growth of the business through tuck-in acquisitions and offering their products to new and existing customers," said Alex Soltani, Chairman and CEO of Skyview Capital.
The asset purchase agreement was signed November 3, 2014 with a simultaneous closing. Terms of the agreement were not disclosed.
Media Contact: Skyview Capital LLC
Jeff White, VP Business Development
About Skyview Capital, LLC
Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of "mission critical" enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.
Integrated Microwave Technologies (IMT) is a leader in advanced digital microwave video systems serving the Government, Broadcast and Sports & Entertainment markets. IMT comprises Four brands: IMT, Nucomm, RF Central and Microwave Service Company, and has recently moved into a refurbished engineering and manufacturing facility located at the International Trade Center in Mt. Olive, NJ. Please see www.imt-solutions.com for more information.
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