TDG Acquisition Company (Six15) Buys Vuzix's Tactical Display Group

June 18, 2012

Vuzix Corporation sold its Tactical Display Group (TDG) assets to TDG Acquisition Company, LLC for $8.5 million in cash plus a potential $2.5 million earn-out. Approximately 35% of Vuzix’s manufacturing, engineering and sales personnel transferred to the buyer (to be based in the Rochester area), enabling Vuzix to focus on its consumer and commercial video eyewear business and to use proceeds to reduce indebtedness.

Buyers
TDG Acquisition Company, LLC, Six15 Technologies
Targets
Tactical Display Group (TDG) of Vuzix Corporation
Sellers
Vuzix Corporation
Location
New York, United States
Transaction Type
Divestiture

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