Leading broadcast technology vendor Grass Valley announced that it has sold the assets and resources of its systems integration (SI) team based in Weiterstadt, Germany to BTS broadcast technology solutions GmbH. Terms of the deal were not disclosed.
BTS is owned by Parter Capital, a German private equity firm. This is the second Grass Valley-related deal for Parter Capital. In May 2011 Parter acquired the Grass Valley transmission business and the right to use the Thomson brand from Technicolor for a “non-material amount.”.
The transaction involves the sale of Grass Valley’s system engineers and specialists that design and build outside broadcast (OB) vehicles as well as production and broadcast facilities across Europe, the Middle East, and Africa (EMEA). Grass Valley says it will continue to work with BTS, as well as other SIs around the world.
Grass Valley says the deal will reinforce its “strategy to focus on IT-centric software and hardware systems, while building a strong partners ecosystem,” and that it will work with BTS
“As an investment company, we saw the potential for growth as Grass Valley concentrates on its core businesses, and we are confident we can continue to make BTS broadcast technology solutions GmbH a global provider of high-quality leading solutions for fixed and remote production and broadcast facilities,” said Dr. Rüdiger G. Terhorst, Managing Director at PARTER Capital Group. ”
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