Thomson close deal to acquire Grass Valley

Thomson Multimedia have announced that they have formally acquired the Grass Valley Group, a privately held company headquartered in Nevada City, California.
Having received regulatory approval in both Europe and the United States, the Boards of both companies have voted to approve the transaction, which is valued at approximately US$172 million.
By combining the products, technologies, and services of the Grass Valley Group with those of their Broadcast Solutions business, Thomson become one of the leading providers of digital content creation, production, and distribution systems to pre-eminent news, information, and entertainment companies worldwide. It also creates one of the most ready sources of technologies for leveraging broadband opportunities as broadcast, IT, and Internet technologies converge.
Marc Valentin, Vice President of the Broadcast Solutions business of Thomson, said: “Whether it’s cinema, broadcast, or broadband, the Thomson Broadcast Solutions business offers the open, flexible platforms upon which you can confidently build your digital media facility and your future business plans. No other company has the singular digital media focus, and integrated vision that Thomson does. Our current and future customers can now rely on a truly unique end-to-end product portfolio and an unrivaled global support organization.
www.thomson-multimedia.com
(GB)