End-to-end signal transmission firm Belden has agreed to buy video technology company Grass Valley for US$220 million (€162 million).
The binding offer, which Belden revealed in its fourth quarter results yesterday, will see Belden combine Grass Valley with another of its assets – Miranda, a provider of hardware and software solutions for the TV broadcast, cable, satellite, and IPTV industry.
Belden said that the combined business will retain the Grass Valley name and will expand its product portfolio to create end-to-end solutions for our customers.
“Miranda, a Belden brand, and Grass Valley are world-class companies that provide the broadcast industry with technically-advanced products of the highest quality and standards. By combining intellectual property, engineering talent, market access and manufacturing capacity, customers will have access to the most complete, innovative product offering available,” said Belden and Grass Valley, announcing the deal.
“Belden believes that the ability to purchase an end-to-end solution from the combined businesses will reduce complexity and increase functionality, ease-of-setup, and maintenance and operability. In addition, you will have access to the most comprehensive, innovative products in the broadcast infrastructure industry through one organisation.”
Grass Valley provides technologies including production switchers, cameras, servers and editing solutions for broadcast customers. Combined with Miranda, Belden claimed the resulting end-to-end solution will be the “most complete and compelling in the industry.”
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