THOMSON MULTIMEDIA ACQUIRE GRASS VALLEY GROUP

A pioneer in digital broadcast products and systems, Thomson multimedia have announced that they have entered into an agreement to acquire Grass Valley Group.
The Grass Valley Group are recognised leaders in the digital broadcast equipment and Internet streaming markets. They offer hardware and software solutions for creating, storing, manipulating, and distributing high-quality video content. Their installed base of servers, switchers, routers, modular products and digital news production solutions touch nearly 80 percent of the world’s television signals.
The acquisition will further extend Thomson Broadcast's digital solution portfolio and strengthen their position as key suppliers of integrated and networked broadcast solutions for content providers.
The proposed transaction fits into the development strategy of Thomson’s Digital Media Solutions (DMS), a business segment focused on business-to-business solutions for content providers, broadcasters and network operators. Early this year, Thomson enlarged their broadcast activities when they acquired a majority interest in the Philips Professional Broadcast Group.
Combination will position Thomson as one of the leading providers of Digital Networked Broadcast Solutions. (CD)