TMCNet:  The Managers of Rainford EMC Systems Acquire 2% Stake in the Microwave Vision Group

[December 20, 2012]

The Managers of Rainford EMC Systems Acquire 2% Stake in the Microwave Vision Group

PARIS --(Business Wire)--

A few months after Rainford joined Microwave Vision (26/07/2012), the acquisition of equity by the management team of the new subsidiary demonstrates the convergence of interests and increase in momentum in the Group. Rainford is a central element for the expansion strategy of Microwave Vision Group (MVG) in the huge market of EMC (News - Alert) (electromagnetic compatibility).

Philippe Garreau, President of MVG, explains : "This acquisition has already begun generating the synergies we were expecting. We have been involved in the field of EMC where our Group has developed business over the last few years, especially in the sales of anechoic chambers and absorbers. In the last three months, we have been working on the integration of Rainford into the Group in order to organize a new business unit around the EMC market with perspective of growth in the next 5 years. The dawn of the new year will be the opportune moment to announce our plan of action in this vast global market that has been assessed at hundreds of millions of dollars."


John NOONAN, president of Rainford, adds : "We are very excited about this new adventure. Together we will be able to realize new ambitions beyond Europe, our main area of action to date. As part of the worldwide Microwave Vision Group (News - Alert), we are now promoting our range of premium products and systems around the world."

About MICROWAVE VISION

MICROWAVE VISION Group - MVG - (NYSE-Euronext: ALMIC) is a leading global manufacturer of antenna test and measurement systems for the Telecommunications, Automotive, Defense and Aerospace industries, as well as for academic research. With the recent acquisition of REMC, specialists in shielded chambers for anechoic, EMC and screened room solutions, MVG offers the widest range and most innovative technology of its kind in the respective markets. The company brings together the high-precision electronic scanners developed by SATIMO (News - Alert) using its "microwave vision" technology, ORBIT/FR products developed through a state-of-the-art technology of high-performance positioners and electromechanical scanners, AEMI high performing absorbing materials, and now REMC provider of specialized shielded chambers. MVG is located in 9 countries - France, Italy, Germany, UK, Sweden, USA, Israel, China, and Japan, and has more than 260 employees. The group boasts a client base including several large international companies. MVG achieved a turnover of € 44.03 million for the year end 31 December 2011. MVG has been awarded the OSEO certification "Innovative Company". Alternext, code ISIN FR 0004058949 | For more information, visit: http://www.microwavevision.com


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