ENENSYS, a leader in video delivery infrastructure, has reported the firm is now in exclusive negotiations to acquire TeamCast, a leader in modulation technology for satellite, terrestrial and wireless markets — the group will provide an extensive product and software range across Video Delivery Infrastructure, especially in ATSC3.0.
The geographical proximity will also facilitate the synergies as both companies are based in Rennes, France, which is the European cluster for Digital Video Networks. To maintain customer focus, ENENSYS confirmed that TeamCast will continue to operate as a standalone company.
“This is an important step for both companies, as this operation will take us to the next level,” said Regis LE ROUX, President and CEO of ENENSYS. He added that the portfolios of ENENSYS and TeamCast are extremely complementary with, essentially, no overlap in the product range. Businesswise, TeamCast's regional strength in the Americas and North Europe will increase ENENSYS’ footprint. Conversely, TeamCast will benefit from ENENSYS’ strong presence in MEA and APAC regions. TeamCast has many prestigious customers and partners and the objective is to keep them happy. Continuity will be ensured at the product and distribution levels.
The acquisition is expected to close before the end of the 2nd quarter of 2017. Terms of this deal will not be disclosed.
ENENSYS is present at NABSHOW at booth SU7813 and N328FP.