Wednesday, March 09, 2011
Vitec, Owner of Manfrotto, Acquires Lastolite
Vitec, the international provider of products and services for the broadcast, photographic, and MAG (military, aerospace and government) markets, announces that it has acquired the entire share capital of Henry Holdings Limited ("HHL"), for a cash consideration of up to £9.75 million (the "Acquisition"). HHL is the owner of Lastolite Limited in the UK ("Lastolite").
Based in Coalville, Leicestershire, Lastolite employs approximately 80 people and is a leading designer, manufacturer and supplier of lighting control accessories and backgrounds for the photo, video and cinema industry. Established in 1986, Lastolite produces highly innovative products for the keen amateur and professional photographer. It is also the owner of the Colorama brand of paper backgrounds.
The Acquisition will complement Vitec's existing range of Manfrotto lighting supports and LED lights with lighting control accessories, thereby strengthening the Company's position in this part of the accessories market.
Lastolite will operate as a standalone business within Vitec's Imaging and Staging Division. Lastolite's existing senior management, including the Managing Director, Sean Henry, will be retained by the business reporting to the Divisional Chief Executive, Francesco Bernardi.
For the financial year ended 31 December 2010, Lastolite generated audited sales of £8.0 million (of which £1.5 million were to Vitec Group entities) and adjusted profit before tax of £1.4 million. As at 31 December 2010, Lastolite had gross assets of £3.5 million.
Under the terms of the Acquisition, an initial consideration of £8.75 million was paid on completion and is subject to post-completion adjustments for changes in net assets. Up to a further £1.0 million is payable in 2012 based on operating profit for the year ending 31 December 2011. At completion, Lastolite had net cash balances (net of liabilities assumed by Vitec) of £0.3m. Consideration has been paid in cash, financed out of Vitec's existing revolving credit facilities. The Board expects the Acquisition to be earnings enhancing (on an adjusted basis) in the year ending 31 December 2011 (see note 1).
Stephen Bird, Vitec's Group Chief Executive, commented on the acquisition:
"We are delighted to announce the acquisition of Lastolite, which is in line with our strategy of broadening our lighting offering within the photographic market. The Lastolite business and its management are well known to us and we look forward to the Lastolite and Manfrotto teams working together, sharing distribution and sales opportunities."
Canon EOS Rebel T3i / 600D DSLR Image Quality Comparison
An image quality comparison with many other Canon EOS DSLRs has been added to the Canon EOS Rebel T3i / 600D Digital SLR Camera Review
This is the standard color block and fabric examples I've been using in the Canon EOS DSLR camera reviews
. I don't see any surprises though my T3i is delivering slightly brighter images than my T2i.
Posted to: Canon News
DateTime: 3/9/2011 8:08:10 AM CT Posted By: Bryan
Monday, March 07, 2011
Additional Specs Added to Lens Specifications Tool
Focus and zoom ring rotation values have been added to the Lens Specifications and Measurements
Tool. Videographers especially have been asking for the focus ring rotation values. Many of the lenses included in this tool have these specs now and the rest of the current lenses will get them in the future.
Canon ZoomBrowser EX v6.7.2 Now Available
The Canon ZoomBrowser EX v6.7.2 Updater
is now available for download. Select your OS from the EOS 60D Drivers and Software page. The option to download Canon ZoomBrowser EX v6.7.2 Updater will then appear.
Posted to: Canon News
DateTime: 3/7/2011 12:49:07 PM CT Posted By: Bryan
Friday, March 04, 2011
Thursday, March 03, 2011
New Lino Apparel and Bags Announced by Manfrotto
Manfrotto has announced the Lino Apparel and Bag Collection
. After shooting in 18° temperatures this morning, those gloves look especially nice.
The Manfrotto Stile Bag Collection
has also been formally announced.
Canon Refurbished Inventory Updated
The Canon Refurbished
inventory at Adorama
has just been updated.
Expect like new gear at reduced prices - with some gear prices reduced more than others. Both Extender IIs are in stock. Adorama
also has the Canon EOS Rebel T3i
in stock (B&H
has sold out).
Posted to: Canon News
DateTime: 3/3/2011 1:03:56 PM CT Posted By: Bryan
Sigma 10-20mm f/3.5 EX DC HSM Lens Sample Pictures Added to Site
Wednesday, March 02, 2011
Sigma 10-20mm f/3.5 EX DC HSM Lens Review Posted
DxO Labs Releases DxO Optics Pro v6.5.5
March 2, 2011 - DxO Labs is pleased to announce the immediate availability of DxO Optics Pro v6.5.5 for Mac and Windows, adding RAW support for the Sony SLT A33 and for the Nikon Coolpix P7000 in both its Standard and Elite editions.
Further, 51 new DxO Optics Modules have been added to the 114 DxO Modules made available to DxO Optics Pro users since Feb 10th, covering numerous Fuji, Canon, Nikon, and Sony cameras, and bringing the total number of available DxO Optics Modules to over 3,000.
To see supported and planned combinations, click on the link below then select the second tab. Supported or planned combinations DxO Optics Pro
is available at B&H
Tuesday, March 01, 2011
Canon PowerShot Instant Rebates Announced - Mar 2011
Canon USA has announced a PowerShot Instant rebate
Save up to $70 on six models. The rebates are available from February 27, 2011 through March 12, 2011. B&H
has the instant rebates in place
. Note that the Canon SD1300 IS
is again only $109.99 shipped after the $70 rebate. Might be a good option for the young kids.
Posted to: Canon News
DateTime: 3/1/2011 5:49:27 PM CT Posted By: Bryan
Lensbaby Introduces the Sweet 35 Optic
Lensbaby has introduced the Sweet 35 Optic
"The Sweet 35 Optic, compatible with the Composer
, Muse, Control Freak and Scout lens bodies, produces a sweet spot of focus surrounded by a smooth, gradual blur. The Sweet 35 Optic provides photographers with even more creative freedom to capture their vision in camera by dialing in the sweet spot quickly and seamlessly, in the moment. Its wide 35mm focal length is perfect for landscape, event and environmental portrait photography."
Being able to adjust the built-in aperture by turning the ring on the Sweet 35 Optic is a very nice feature - advancing the Lensbaby line.
Free 8x10 or $50 Off Any Canvas at Canvas People
Canon News, Nikon News Archives