xG Technology closes on Vislink acquisition

Critical wireless communications provider xG Technology, Inc. (Nasdaq: XGTI, XGTIW) has closed on the acquisition of Vislink Communication Systems (“Vislink”) on January 9, 2017, the company said.

This will coincide with Vislink´s general meeting and shareholder vote on the acquisition agreement that will take place the same day.

xG Technology originally announced the Vislink acquisition on Oct. 20, 2016, and announced the signing of the final definitive business purchase agreement on Dec. 19, 2016.

Founded in 2002, xG Technology has developed technologies that enable always-available, always-connected and always-secure voice, broadband data and video communications. The company´s brand portfolio includes xMax and Integrated Microwave Technologies (IMT).