More Broadcast Vendor M&A: Evertz Makes $5 Million Mystery Buy

Posted by Joe Zaller
Dec 19 2012

Broadcast infrastructure and playout specialist Evertz Technologies reported that it has spent $5m to acquire an 80% position, in an unnamed “technology-based company with revenues in excess of $10m.”

Evertz said the acquisition will be accretive to earnings and that the acquired company’s “unique communications solutions and services along with the expertise of its talented staff complement Evertz infrastructure, transport and control solutions.”

Evertz is notoriously tight-lipped about its business activities, including M&A, and rarely discloses the names of acquired companies.

When Evertz purchased UK-based automation and media management provider Pharos in late 2010, the company said only that it had “entered into an agreement to purchase the shares of an international technology based company for under $5m.”

The company is similarly quiet about major sales announcements, but does occasionally provide some information.

In September 2012 Evertz disclosed on its Q1 Fiscal 2013 earnings call that it had received orders during the quarter from a single customer that totaled approximately C$14.4m, but did not disclose the customer’s name.  Last month the company announced that it had has received purchase orders “from two unnamed “national US customers, totaling in excess of $12 million.”

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Related Content:

Press release: Evertz Invests in a Technology Company

Evertz Beats Expectations in Q1 Fiscal 2013 as Profits Jump 41 Percent

Evertz Discloses Orders Worth More Than $12 Million From Two Mystery US Customer

More Broadcast Vendor M&A: Evertz Buys Pharos, Adding Automation and Media Management Capabilities to New Playout Solutions

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