Poynting Holdings, through wholly-owned subsidiary Poynting Antennas, has entered into a sales of business agreement to buy Radiant Antennas as a going concern.
Poynting Antenna’s will assume all assets of Radiant which include debtors, fixed assets, excluding one motor vehicle, stock, any pre-payments and Radiant’s right, title and interest in and to contracts, trademarks, goodwill and intellectual property rights and all liabilities of Radiant, excluding any shareholder loan accounts.
Graeme Cunningham Davis, founder and GM of Radiant, has entered into a contract of employment with Poynting Antennas.
Radiant is a South African based company which specialises in the design, manufacture and supply of High Frequency (HF), Very High Frequency (VHF”) and Ultra High Frequency (UHF) antennas and masts for both military and civil applications.
Radiant’s range of products also includes antennas for wireless local area networks.
The products designed for military use are used globally by a number of countries.
The acquisition will expand Poynting’s current product range to include HF, VHF and UHF antennas and masts, unlock operational efficiencies and further entrench Poynting in the international defence industry.