Ericsson to acquire Technicolor
Ericsson announced today (14 March 2012) that it has put in an offer to buy Technicolor’s broadcast services division for 19 million Euros.
Technicolor is a provider of solutions for the creation, management, post-production, delivery and access of video for the Communication, Media and Entertainment industries.
The intention of the acquisition is in line with Ericsson’s strategy to broaden its portfolio into the broadcast area, where it will apply its experience in telecom operations for the benefit of broadcasters.
“As the TV industry is undergoing fundamental changes with the transition to multi-platform, on-demand television, teaming up with a trusted partner enables broadcasters to meet the increasing commercial and technological complexity and competition in the TV market,” said Ericsson.
With this acquisition, Ericsson will broaden its managed services for media broadcasters.
The closing of the acquisition is expected around mid 2012.
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