Thomson Broadcast has completed its acquisition of GatesAir from an affiliate of The Gores Group.
“The acquisition of GatesAir is an excellent and significant step for Thomson Broadcast to further reinforce its worldwide leadership in the fast-evolving world of broadcast technology,” said Ylias Akbaraly, chairman of Thomson Broadcast.
“Today opens an exciting new era in the rich history of two companies and trusted brands that have each been delighting customers for more than 100 years. Today’s announcement is also exciting for our customers and employees. The combined force of these ideal strategic partners will support each other’s growth and the growth of the industry at large.”
According to the company, the acquisition creates a comprehensive broadcasting platform with an expanded portfolio of innovative and turnkey broadcast solutions.
Thomson Broadcast first announced its plans to acquire GatesAir for an undisclosed sum in April.
“Thanks to its global platform, significant resources, and commercial and innovation expertise, Thomson Broadcast is perfectly positioned to ensure the success of GatesAir’s operations over the long term,” added Akbaraly. “We are convinced that this great combination will create a very strong platform with improved reach and value-added solutions and services delivered to our customers.”
“[This] milestone marks the completion of a robust process that evaluated strategic options for GatesAir to accelerate our strong growth to date,” added Bruce D Swail, CEO of GatesAir. “We are delighted with final outcome of the acquisition process and look forward to working together with our new partners for this next chapter in our eventful story.”