Technicolor has announced that it has received a binding offer to acquire the ThoD 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, which has been synonymous with expertise and innovation at the highest level and a trusted partner to the world's leading broadcasters, is also part of the offer
The FCDE's offer for Thomson Video Networks recognizes the company's market leadership, long history of innovation, technology expertise, impressive product portfolio, and the high quality of its personnel. The FCDE's management style is based on close collaboration with the management team of each company it invests in, to guarantee a stable foundation as an independent entity and to ensure strong, steady, continued growth.
"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. 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," said Christophe Delahousse, president, Thomson Video Networks.
"Thomson Video Networks is fully satisfied that this deal has very positive benefits both for the company and for its customers, partners, and suppliers," added Delahousse. "We will be able to develop to our full potential as an independent organization strongly committed to R&D, and our clients will continue to benefit from our innovative product portfolio as well as our remarkable level of customer service, which allows us to quickly respond to evolving market needs."
"We want to help Thomson Video Networks to capitalize on its numerous innovations, impressive product portfolio, high-quality management team, and all of its employees who boast the know-how that is today recognized around the world for its technological leadership in the compression and headend arenas," said Charles-Henri Rossignol, FCDE executive board member. "This investment will allow Thomson Video Networks to reinforce its presence with a renewed product line targeting the most promising market segments -- satellite, terrestrial, IPTV, and Web TV -- and the fastest growing regions (United States, South America, and Asia)."
During the transition and beyond, it will be business as usual for Thomson Video Networks' customers, partners, and suppliers. Service will continue uninterrupted with all existing contracts, service agreements, and warranties honored according to their current terms. Thomson Video Networks business contacts will remain the same. Until the sale is final, Thomson Video Networks will continue to operate as a business division of Technicolor.