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Business/Financial

U.K. Firm Digital Barriers Agrees To Acquire Brimtek

By Cal Biesecker

Friday, December 11th, 2015

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U.K. Firm Digital Barriers Agrees To Acquire Brimtek

Digital Barriers plc makes a range of surveillance equipment including mini cameras. Photo: Digital Barriers

The United Kingdom’s Digital Barriers plc on Friday said it has agreed to acquire Virginia-based intelligence, surveillance and reconnaissance firm Brimtek for $25 million in cash in a deal that strengthens its presence in the United States defense and security market.The deal also includes a $20 million earn out provision payable in cash or a combination of cash and new shares issues by Digital Barriers, which is publicly traded in the United Kingdom.Brimtek provides tactical surveillance capabilities ranging from audio…

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