JVC Kenwood completes purchase of 40% stake in Tait Communications

The deal was initially announced back in August by JVC Kenwood and Garry Diack, Tait Communications’ chief executive had been previously reported as saying that the company is looking to raise around $20 million.

Tait Communications is one of two operating companies ultimately owned by the Tait Foundation and is the majority employer and radio technology development company originally established by Sir Angus Tait in 1969. According to both Tait and JVC Kenwood, it was Tait’s focus on converging traditional voice communications with data-rich, cellular and broadband communications systems which has attracted JVC Kenwood’s investment. Tait has stated that JVC Kenwood’s “product portfolio and complementary global distribution footprint, positions both companies far more effectively in the increasingly competitive critical communications market world-wide”.

Over almost 50 years Tait has developed and deployed critical communications technologies and networks to the public safety, electrical utility, public transport, mining and public communications markets in more than 90 countries. It has research and development, design, and niche manufacturing capabilities and maintains its headquarters at the Tait Technology Centre in Christchurch, New Zealand.