COSTA MESA, Calif., May 3, 2005 (PRIMEZONE) -- L-3 Communications Holdings, Inc. (NYSE:LLL) has acquired privately held Mobile-Vision, Inc. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Mobile-Vision.
"The acquisition of Mobile-Vision represents a key addition to the existing suite of products and services L-3 Communications offers to the law enforcement and homeland defense markets," said Paul Weisbrich, senior managing director of RSM EquiCo Capital Markets. "At the same time, Mobile-Vision will benefit from L-3 Communications' established reputation within the U.S. law enforcement community, as well as its significant financial and technical resources."
About RSM EquiCo, Inc.
RSM EquiCo is a global investment bank serving private middle-market companies throughout North America. With more than 400 professionals and support staff in North America and Europe, RSM EquiCo specializes in mergers, acquisitions, divestitures and capital raising for companies with up to $500 million in annual revenue. The firm is part of RSM McGladrey Inc., a business segment of H&R Block.
About Mobile Vision, Inc.
Mobile-Vision, based in Boonton, New Jersey, manufactures in-car video surveillance systems for law enforcement applications. The company's System 7(tm) VHS-tape based system is the most widely used in-car video system in the country, with over 50,000 units in use at approximately 4,500 individual law enforcement agencies across the United States. As part of the industry-wide shift from analog to digital products, Mobile-Vision recently introduced the Flashback(tm) Digital Video Recorder.
About L-3 Communications Holdings, Inc.
Headquartered in New York City, L-3 Communications provides intelligence, surveillance and reconnaissance systems and products, secure communications systems, aircraft modernization, training and government services, and an array of high technology products. Its customers include the Department of Defense, the Department of Homeland Security, select U.S. government intelligence agencies and aerospace prime contractors.