Technicolor sells off Thomson Video Networks
Technicolor has announced that it has received a binding offer from the Fonds de Consolidation et de Développement des Entreprises (FCDE) to acquire the Thomson Video Networks business.
The investment includes 100% ownership of Thomson Video Networks. This includes the entire portfolio: video encoders/decoders, MPEG processors, video servers, datacasters, network management, monitoring and switching product lines, the associated R&D centers, and the systems activities worldwide. The offer also comprises the Thomson Video Networks’ sales and customer support organizations around the world, as well as the various management and administrative support functions. The use of the Thomson brand is also part of the offer.
The FCDE finances the recovery and development of small- to medium-sized enterprises demonstrating a strong potential for success. The capital development fund, endowed with approximately €200 million, is financed with up to €90 million by the Fonds Stratégique d’Investissement (FSI) together with the principal banks and insurance companies based in France.
It is managed by the Consolidation et Développement Gestion, a minority subsidiary of CDC Entreprises. The FCDE makes long-term investments, strengthens and consolidates shareholders of the firms it finances, stabilizes its management process, and eases relations with their banking partners.
“The FCDE is an excellent partner for us, with a management team that possesses the knowledge we require to excel as an independent structure and a clear, consistent track record in building up independent companies,” says Christophe Delahousse, president, Thomson Video Networks. “The FCDE fully supports Thomson Video Networks in its continued global-growth strategy and sustained investment in R&D so as to ensure constant evolution and technological leadership.”
In July 2010, Technicolor agreed to sell 100% of its Grass Valley Broadcast & Professional business to Francisco Partners. The deal was finalized on 1 Jan of this year.