TECHNICOLOR RECEIVES OFFER FOR GRASS VALLEY BUSINESS
This includes the camera, content repurposing, editing, master control, modular, news production, production automation, routing, servers, storage, and switching product lines, including their R&D centers and factories around the world. The transmission and head-end businesses, which are in the process of being separated from the Grass Valley, are not included in the offer.
“We are excited about this opportunity, as Grass Valley’s market leadership is clearly evident,” said David Golob, Partner at Francisco Partners. “The business has an unrivalled brand identity and company heritage, a long history of innovation, team members that are dedicated to their customers' success, and an impressive product portfolio. We are looking forward to the opportunity to work closely with Grass Valley's management to create a company that leverages the strong entrepreneurial spirit within Grass Valley, allowing them to achieve even greater success.”