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MILTECH
U.S. crowd-control products to be marketed in Europe
by Richard Tomkins
Linkoping, Sweden (UPI) Jun 19, 2013


Security solutions company acquires North American Custom Specialty Vehicles
Palm Beach, Fla. (UPI) Jun 19, 2013 - A Florida manufacturer of command-and-control vehicles for law enforcement and emergency operations has been acquired by Global Digital Solutions Inc.

GDSI said that terms of the transaction with North American Custom Specialty Vehicles, involves $1 million in cash and 645,161 shares of GDSI's restricted common stock. It also involves an additional $2.4 million of contingent consideration, payable either in shares of GDSI's common stock or cash at the end of the year.

"We're delighted to announce the acquisition of NACSV," said GDSI President and Chief Executive Officer Richard J. Sullivan. "NACSV is a well-respected builder of security and crisis management-related specialty vehicles. Very importantly, NACSV has an established client base and a skilled management team.

"The company's advanced command and control and emergency communications capabilities fit perfectly into GDSI's global growth strategy. We're looking forward to working together with the NACSV team in the months ahead."

Global Digital Solutions Inc. describes itself a company "positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions."

A Swiss subsidiary of Saab is to market non-lethal crowd-control products in Europe made by NonLethal Technologies of the United States.

Covered under the long-term exclusive cooperative agreement between Saab Bofors Dynamics Switzerland Ltd and NLT are the U.S. company's IronFistTM and Cobra40TM less-lethal weapon systems, which include 37mm and 40mm non-lethal pellet cartridges, foam projectiles, ballistic bags and muzzle blast cartridges.

"NLT and SBDS will make a world-class team given both companies' prominent positions in their markets with superior products," said Stephan Kocher, chief executive officer of SBDS. "The companies share common core values and market strategies. They are fast, innovative, quality producers well-known in their respective markets and willing to move quickly.

"We will benefit from each other through our complementary know-how, products and networks. I am convinced that this cooperation will be the start of another success story within our company."

SBDS designs, develops and produces mortar rounds, warheads and less-lethal products -- primarily in large calibers -- for the military, corrections and law enforcement.

"We look forward to this cooperative opportunity with the SBDS marketing team, to introduce our less-lethal weapons and munitions to the European defense, correctional and law enforcement communities," said Scott Oberdick, president of NLT. "The SBDS experience and reputation for high-quality, high-performance weapons and munitions, along with the strength of its management and support services within the defense industry, assures us of a strong teaming effort in Europe."

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