Mergers/Acquisitions News

ENENSYS completes acquisition of TeamCast

Enensys and TeamCast team.

ENENSYS has completed the acquisition of TeamCast. The combined group will provide 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 businesswise we already see traction from TeamCast’s established presence in the USA market.”

 

The acquisition was expected to close before the end of the 2nd 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, the European centre of excellence for digital video networks companies.

 

To maintain customer focus, ENENSYS confirmed that TeamCast will continue to operate as a standalone company.

 

“TeamCast has many prestigious customers and partners. 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”, added Regis Le Roux.

 

TeamCast co-founders Jean-Luc Pavy and Gérard Faria will keep strategic management positions within TeamCast. Terms of the deal were not disclosed.