EVS Broadcast Equipment acquires 100% of SVS GmbH
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Comunicato Successivo
Publication on January 5, 2015, 5.45pm CET
Regulated information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
EVS Broadcast Equipment, the leading provider of live video production systems, today announced that it has acquired the remaining 75% it did not own in Scalable Video System GmbH (SVS).
Since May 2013, EVS owns 25% of SVS, an R&D company based in Weiterstadt (Germany) developing IT-based vision mixers. Under the agreement recently signed, EVS has acquired the remaining 75% it did not own for an amount of EUR 1.0 million paid in cash, and a possible future earn out based on the performance over the 2015-2020 period. The transaction is subject to post-completion adjustments.
In addition, EVS also acquires the remaining 5% it did not own in Dyvi Live SA (company based in Brussels and distributing the products of SVS under the name DYVI) for a global amount of EUR 0.1 million.
These moves will enable EVS to manage that promising product line in a more efficient and holistic way.
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For more information, please contact:
Magdalena BARON, CFO Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, B-4102 Seraing, Belgium Tel: +32 4 361 70 14. E-mail:[email protected]; www.evs.com |
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About EVS
EVS provides its customers with reliable and innovative technology to enable the production of live, enriched video programming, allowing them to work more efficiently and boost their revenue streams. Its industry-leading broadcast and media production systems are used by broadcasters, production companies, post-production facilities, film studios, content owners and archive libraries around the globe. It spans four key markets - Sports, Entertainment, News and Media.
Founded in 1994, its innovative Live Slow Motion system revolutionized live broadcasting. Its reliable and integrated tapeless solutions, based around its market-leading XT server range, are now widely used to deliver live productions worldwide. Today, it continues to develop practical innovations, such as its C-Cast second-screen delivery platform, to help customers maximize the value of their media content.
The company is headquartered in Belgium and has 20 offices in Europe, the Middle East, Asia and North America. Approximately 514 EVS professionals sell its branded products in over 100 countries, and provide customer support globally. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com.
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Copyright GlobeNewswire
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Source: %s via Globenewswire
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