ENENSYS announces exclusive negotiations to acquire TeamCastMonday, April 24th, 2017
The group will become the market leader in Video Delivery Infrastructure for DVB-T2 and ATSC3 Networks
LAS VEGAS — NAB, Booth SU7813 and N328FP, the ATSC 3.0 Pavilion — ENENSYS, the worldwide leader in efficient video delivery infrastructure, is pleased to announce that it is in exclusive negotiations to acquire TeamCast, the worldwide leader in modulation technology for Terrestrial, Satellite and Wireless markets. The group will provide an extensive product and software range across Video Delivery Infrastructure, especially in ATSC3.0.
“This is an important step for both companies, as this operation will take us to the next level,” said Regis LE ROUX, President and CEO of ENENSYS. “The portfolios of ENENSYS and TeamCast are extremely complementary. There is essentially no overlap in the product range. Businesswise, TeamCast regional strength in the Americas and North Europe will increase ENENSYS’ footprint. Conversely, TeamCast will benefit from ENENSYS’ strong presence in MEA and APAC regions.”
The geographical proximity will also facilitate the synergies as both companies are based in Rennes, France, which is the European cluster for Digital Video Networks.
Jean-Luc PAVY, CEO of TeamCast said, “We have long been impressed by ENENSYS’ innovation skills and patent portfolio. Our two companies have already worked as partners a few years ago, and it became clear that we’re creating more added value when we work together. ENENSYS is the natural partner for us to serve our customers on the long term.”
To maintain customer focus, ENENSYS confirmed that TeamCast will continue to operate as a standalone company. “TeamCast has many prestigious customers and partners. Our objective is to keep them happy. Continuity will be ensured at the product and distribution levels”, adds Regis LE ROUX.
The acquisition is expected to close before the end of the 2nd quarter of 2017. Terms of the deal will not be disclosed.