Grass Valley, Francisco Brothers, Jeff Rosica, CABSAT 2011.
Francisco Partners, a technology-focused investment company, has completed the acquisition of the Grass Valley Broadcast & Professional business. As of January 1, 2011 Grass Valley began doing business as an independent company, under the trade name “Grass Valley”.
Terms of the sale include 100 percent ownership of the current Grass Valley Broadcast & Professional business. This includes the camera, content repurposing, editing, master control, modular, news production, production automation, production switchers, routing, and video servers product lines including their entire product portfolios, the R&D centers and factories around the world, the sales & systems activities and customer support organisation worldwide, as well as the management and administrative support functions dedicated to the business.
To help customers and technology partners to understand the specifics of the acquisition, Grass Valley has established a special website (www.grassvalley.com/greenergrass) with the latest, most accurate and complete information.
Broadcast Pro ME has carried a detailed interview with Guillaume Lefevre, Managing Director France, Middle East, Eurasia, Grass Valley in the Jan issue about the Thomson and Grass Valley split as well.
Grass Valley will be exhibiting at CABSAT this year as an independent player.