Ericsson closes acquisition of Technicolor's broadcast services division
(Thomson Reuters ONE) -
* The acquisition will bring leading broadcast customers, about 900 highly
skilled professionals and playout operations in France, UK and Netherlands
* Ericsson is committed to continue to support existing customers and aims to
become the leading global provider of managed services for broadcasters
* Technicolor's Broadcast Services Division will operate under the Ericsson
brand as of today
* Purchase price of EUR 19 million and a potential earn-out based on 2015
revenues of the Broadcast Services activity of up to EUR 9 million.
Ericsson (NASDAQ:ERIC), the world leader in communication technologies and
services, today announces the completion of its acquisition of the Broadcast
Services Division of Technicolor, a worldwide technology leader in the media and
entertainment sector, headquartered in France. Today's closing follows the
announcement on March 13, 2012.
Magnus Mandersson, Executive Vice President and Head of Business Unit Global
Services, Ericsson, says: "With this acquisition Ericsson has strengthened its
position in the broadcast managed services market and reinforced our growth
ambitions. Managed services in one of the main focus areas for Ericsson and we
will continue to invest and expand this area."
Ericsson welcomes over 900 exceptionally skilled employees who will be
integrated into the Ericsson group in business unit Global Services over the
coming months and will work under the Ericsson brand as of today.
Ericsson is the leading provider of managed services for telecom operators and
has invested in processes and tools in this segment. With this acquisition
Ericsson broadens its managed services offerings for media broadcasters and
confirms the company's long term ambition and commitment to the area.
Ericsson is also the number one independent playout service provider in the
Nordic countries. Managed services is an example of Ericsson's continuous
innovation - after creating this business model for telecom operators over 15
years ago, Ericsson has recently taken this successful business model to other
industries such as utilities and media.
NOTES TO EDITORS
Photo of Magnus Mandersson,
http://www.ericsson.com/thecompany/press/photolibrary/management
Global Services Press Kit
http://www.ericsson.com/thecompany/press/mediakits/services
About Technicolor
www.technicolor.com
Press release - Ericsson to acquire Technicolor's broadcast services division
http://www.ericsson.com/thecompany/press/releases/2012/03/1593417
Press release - Ericsson to operate TV4 Group's playout services
http://www.ericsson.com/news/1355548
Download high-resolution photos and broadcast-quality video at
www.ericsson.com/press
Ericsson is the world's leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely, in
sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
more than 40 percent of the world's mobile traffic goes through Ericsson
networks and we support customers' networks servicing more than 2.5 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company's net
sales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed on NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
www.ericsson.com
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com
Ericsson closes acquisition of Technicolor's broadcast services div.:
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Source: Ericsson via Thomson Reuters ONE
[HUG#1623638]
Unternehmensinformation / Kurzprofil:
Datum: 03.07.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 161963
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