With the acquisition, EVS hopes to expand its global footprint and offer a more comprehensive and integrated range of media infrastructure solutions for live productions.
EVS has completed the acquisition of broadcast and media network infrastructure specialist Axon. The value of the transaction is set at USD 11.5m, plus an earn-out up to a maximum of $2.74m. The acquisition will be paid by cash and debt.
With development centres in the Netherlands and the UK, and more than 80 team members, Axon has has an international presence in the live broadcast infrastructure market, including mobile trucks and data centres, and a product portfolio that complements EVS’ existing live production offering.
As a major in live production, EVS offers high-performance solutions that enable the creation of the live stories delivered by broadcast and media producers around the world. Integrating Axon’s product portfolio will allow EVS to offer customers the most extensive live production infrastructure on the market, enabling optimised resource management, greater scalability and faster deployment across multiple sites for remote live operations.
It will also enable EVS customers to implement turnkey solutions to smoothly migrate their infrastructure towards IP and remote production-based workflows.
This acquisition, the largest in EVS’ history, will position EVS as the only technology company able to provide a comprehensive modern media infrastructure solution that includes advanced IP processing, SDI/IP conversion, SDN-based control and monitoring, as well as UHD-4K and IP multiviewer. The combination of EVS’ Score Master SDN IP orchestrator, with Axon’s Cerebrum control and monitoring system, Neuron IP stream processing platform and the extensive Synapse modular infrastructure platform, will provide a scalable and redundant end-to-end solution to empower customers everywhere.
This mutually beneficial deal also allows EVS to further expand its global footprint and leverage its international presence to accelerate the reach of Axon’s expertise and technology. Additionally, EVS will benefit from Axon’s extensive relationships with channel partners, while also broadening the reach of its industry-leading product portfolio to different distribution channels.
“We’re extremely excited about the opportunities this acquisition will provide us and our customers over the coming months and years,” said EVS CEO Serge Van Herck. “Axon’s strong broadcast reputation and expertise, combined with our shared customer service-focused philosophy, make this marriage a perfect fit. It will enable us to deliver the most comprehensive media infrastructure solutions on the market.”
Axon CEO Michiel Van Duijvendijk commented: “This deal offers a major growth opportunity for both businesses, bringing together two innovative and proven product portfolios to form a unique end-to-end offering. We’re looking forward to joining the EVS team and working together to provide our customers with all the tools they need to power their journey towards IP-based media production.”
Benoit Quirynen, EVS’ SVP Strategy added: “In Axon, we’ve found an ideal partner. Its products match our vision of a centralized control model with distributed scalable resources. The company’s in-house expertise in FPGA and broadcast infrastructure, as well as other operational models, perfectly complement our research and development processes.”
Axon CTO Peter Schut concluded: “Our merger with EVS is a unique combination in the industry. With no overlapping products we will achieve maximum synergies. Our Synapse modular infrastructure range has a proven track record in the most demanding applications, and the recently introduced Neuron Platform, the world’s first true Network Attached Processor designed for real time IP workflows, are perfect additions to EVS’ product range. Combined with Cerebrum, this adds the overarching control layer over both companies’ products. I can see a fantastic shared future for both companies.”
The Axon brand will be absorbed into EVS over the coming weeks and its product portfolio will be integrated into EVS’ global solution offering. The objective is to integrate Axon team members and to further invest in their technology and market expertise.
