Vislink to sell marine, energy business
Communications equipment maker Vislink said it would sell its marine and energy business for 32.5 million pounds to Cooper Industries to focus on entertainment and public safety markets, sending its shares up as much as 22 percent.
Vislink, the global technology business specialising in secure communications products and services for the News & Entertainment and Law Enforcement & Public Safety markets, has reported that it traded in line with expectations for the quarter ended 31 March 2011 and expects its losses this year to reduce.