AD8 -6.21%: the audio-visual technology business struggled today after announcing a small bolt on acquisition of Belgium based video technology business Silex Insight. The acquisition will cost just $US6.5m upfront with another $US1.5m earn out tied to increased revenues in the business over the twelve months after completion. The deal comes with 8 engineers who’s skillset is said to complement that of Audinate’s established capabilities in the video space. They flagged revenues for the Silex video business was likely to be subdued in first half of 2022 as a result of supply chain issues and chip shortages, the same issues Audinate are facing themselves. Hard to see why such a small deal would put such significant pressure as it did, though shares in AD8 recovered strongly from lows today.
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