Quantel acquires Snell12 March 2014
Quantel has announced that it has acquired Snell, with the aim of creating “a major new force in the global broadcast and media technology markets,” commented Quantel’s executive chairman and CEO, Ray Cross. The combined business hopes to offer customers a product range to create, version and deliver content across multiple platforms. Quantel and Snell have 16 offices around the globe and combined revenues of more than $170 million.
Paul Martin, MD of Snell TV Everywhere and Robert Rowe, MD of Snell Live TV, will join the Quantel board. Snell sales director Tim Banks, and finance director Peter Fredericks will also take leading roles.
Snell’s outgoing CEO Simon Derry (pictured), commented: “I’m really delighted that the Snell and Quantel businesses have come together to increase the scale and scope for both. Under Ray’s leadership the combined business will be able to write a new and exciting chapter moving forwards. I look forward to supporting Ray during the important period of transition.”
“Our product ranges are entirely complementary so the excellent Snell and Quantel brands and product ranges will continue,” continued Cross. “We’ll be able to combine the best in class talent and technologies from Quantel and Snell to bring exciting new products and solutions to market to help our customers transform their businesses. More local offices across the world will enable us to build closer relationships with our customers and to offer even better support.”
A new facility will be created at the company headquarters in Newbury, UK.