The Peel Group has acquired SIS Limited’s 50 per cent shareholding in dock10, the media services provider based at MediaCityUK. The privately-owned investor also has a significant investment in the Pinewood Group in Buckinghamshire, which provides film and studio facilities.
“I would like to thank SIS for its support as a shareholder since dock10’s inception in 2010,” said Mark Senior (pictured), CEO of dock10. “We have firmly established ourselves in that time as a major provider of services to the media industry. We have very exciting plans to grow the business further and look forward to working with The Peel Group to deliver these.”
Steven Underwood, chief executive of The Peel Group commented; “We are delighted to have increased our shareholding in dock10 and are very supportive of the management team’s ambitions for the future. The business is highly successful in its own right and also a fundamental part of the MediaCityUK story.”
Gary Smith, chief executive of SIS added, “Having exited the outside broadcast business it has become clear that the future synergies for dock10 are more with The Peel Group through MediaCityUK and so this transaction makes sense for all parties. We would like to wish dock10 continued success and look forward to working together through SIS LIVE. SIS LIVE has a major connectivity footprint at MediaCityUK through its satellite and fibre operations and continues to invest in critical media content provision.”