Thomson Broadcast has agreed a deal to acquire GatesAir from an affiliate of The Gores Group for an undisclosed sum.
The deal is subject to regulatory filings and is expected to close in the second half of 2022.
Thomson Broadcast, headquartered in Paris, France has deployed more than 50,000 pieces of equipment in more than 170 countries, actively participating in the evolution of television and radio transmission.
GatesAir, which is currently celebrating its centenary, said it has recently seen strong growth, coming off a successful participation in the North America Spectrum Repack programme.
“GatesAir is already an undisputed leader in the broadcast industry, and our combination with Thomson Broadcast will create a combined company of larger scale even better suited to meet the ever-evolving needs of our customers all over the globe,” said Bruce D. Swail, CEO of GatesAir.
“I am very proud of the GatesAir team for its stewardship of and innovation in this industry over the past century and look forward to entering the next 100 years as an even stronger business leveraging the strengths of two legendary broadcast brands. On behalf of everyone at GatesAir, I’d like to thank Gores for their strategic guidance which was invaluable in growing our business and driving innovation.”
Amine Oubid, CEO of Thomson Broadcast added: “From the start we were excited to work with the GatesAir team and saw the obvious fit of the two companies. The transaction closing can’t come fast enough for us. We’re very proud to participate in the rallying of two century-old companies and excited to start working together.”