Extreme CCTV, a British Columbia-based manufacturer of active-infrared video surveillance technologies, announced this afternoon that it will be acquiring UK-based camera maker Forward Vision CCTV. The value of the acquisition is reported to be $10 million in Canadian dollars (approximately $8.8 million USD by today's exchange rates).
Forward Vision CCTV manufacturers a number of compact, rugged PTZ cameras that have been especially suited for outdoor and street-environment usage. The company reported revenues of 3.3 million British pounds in 2005.
Extreme CCTV reported that the acquisition will be able to add substantial revenues for the company and present synergies in market-channels and research and development. According to Extreme CCTV, Forward Vision's founding engineers are being retained. The chief product of Forward Vision is the Mic1-400, a rugged PTZ camera used in Britain for town-center CCTV and at transportation facilities. The company's newer developments have been designed to integrate with homeland security-type sensing usages, like thermal sensing, radar detection, IP transmission and electronic gyro-stabilization for the cameras.