Ateme has entered exclusive negotiations to acquire 87 per cent of OTT and IPTV software provider, Anevia.
Ateme is in talks with shareholders to acquire 87 per cent of the share capital and 90 per cent of the theoretical voting rights for Anevia.
The transaction, which has has received the prior unanimous support of the boards of directors of both companies, is expected to be completed before the end of Q3 2020.
The combination of the two companies would create a major player in video broadcasting infrastructure, with a combined revenue of more than €80 million.
Michel Artières, chairman and CEO of Ateme, said: “A merger with Anevia and its high-performance solutions for optimising video flow delivery is a key step in our expansion strategy in our customers’ value chain and the conquest of new markets. Both companies share the same values of respect and innovation.
“Based on our mission to deliver the best quality of experience, our ambition is to become the reference video solution for billions of consumers. The shared vision of the two companies and their strong culture should enable us to rapidly create significant value for our customers, employees and shareholders.”