Enensys has announced that the acquisition of TeamCast has been completed. The combined group will provide a product and software range across video delivery infrastructure, especially in ATSC3.0, DVB-T2 and DVB-S2/S2X.
“The announcement of the acquisition was received very positively by the market,” said Regis Le Roux, president and CEO of Enensys. “The fact that there is essentially no overlap in the product range makes it straightforward for our respective customers. And business-wise we already see traction from TeamCast’s established presence in the USA market.”
The acquisition was expected to close before the end of the second quarter of 2017, but proceeded faster than anticipated. Jean-Luc Pavy, co-founder of TeamCast, said: “All discussions were very positive. We are two innovation driven companies and as such our teams have a lot in common.”
The geographical proximity has facilitated the acquisition as both companies are based in Rennes, France.
To maintain customer focus, Enensys confirmed that TeamCast will continue to operate as a standalone company. “TeamCast has many prestigious customers and partners,” added Le Roux. “Some of them were a bit concerned by the changes that this acquisition may bring, but once they’ve understood our willingness to ensure continuity and to leverage on TeamCast strengths, they were all very positive.”