EVS Broadcast Equipment: EVS complements its live production solution portfolio by acquiring broadcast network infrastructure...
May 01 2020 - 3:00AM
EVS Broadcast Equipment: EVS complements its live production
solution portfolio by acquiring broadcast network infrastructure
specialist AXON
Publication on May 1, 2020, Outside market hoursRegulated
information – Privileged Information EVS Broadcast Equipment S.A.:
Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters
(EVSB.BR)
EVS COMPLEMENTS ITS LIVE PRODUCTION
SOLUTION PORTFOLIO BY ACQUIRING BROADCAST NETWORK INFRASTRUCTURE
SPECIALIST AXON
EVS strategically expands its global footprint,
enabling customers to benefit from the most comprehensive and
integrated range of media infrastructure solutions for live
productions
Liège, Belgium, May 1, 2020
EVS, a leading provider of live video technology
for broadcast and new media productions, today announces the
acquisition of leading broadcast and media network infrastructure
specialist Axon.
With development centers in the Netherlands and
the UK, and more than 80 team members, Axon has a rich 30-year
history of technology innovation. The company has an international
presence in the live broadcast infrastructure market, including
mobile trucks and data centers, and a product portfolio that
complements EVS’ existing live production offering.
As an industry leader in live production, EVS
offers high-performance solutions that enable the creation of the
most compelling live stories delivered by broadcast and media
producers around the world. In early 2020, EVS’ leadership team
revealed the PLAYForward program, a global company growth strategy
that identified the importance of developing a broader offering of
modular and flexible IP infrastructure. Integrating Axon’s product
portfolio will allow EVS to offer customers the most extensive live
production infrastructure on the market, enabling optimized
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 unrivalled
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 established 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, our popular, powerful and
flexible control system, 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.
Axon generated EUR 17.5 million of revenues in
2019. The value of the transaction is set at EUR 10.5 million, plus
an earn-out up to a maximum of EUR 2.5 million. The acquisition
will be paid by cash and debt.
.
For more information, please contact: Yvan
ABSIL, CFOEVS Broadcast Equipment S.A., Liege Science Park, 13 rue
du Bois Saint-Jean, B-4102 Seraing, BelgiumTel: +32 4 361 70
00. E-mail:corpcom@evs.com; www.evs.com |
Forward Looking Statements This press
release contains forward-looking statements with respect to the
business, financial condition, and results of operations of EVS and
its affiliates. These statements are based on the current
expectations or beliefs of EVS's management and are subject to a
number of risks and uncertainties that could cause actual results
or performance of the Company to differ materially from those
contemplated in such forward-looking statements. These risks and
uncertainties relate to changes in technology and market
requirements, the company’s concentration on one industry, decline
in demand for the company’s products and those of its affiliates,
inability to timely develop and introduce new technologies,
products and applications, and loss of market share and pressure on
pricing resulting from competition which could cause the actual
results or performance of the company to differ materially from
those contemplated in such forward-looking statements. EVS
undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. |
About EVS We create return on emotion. EVS
is globally recognized as a leader in live video technology for
broadcast and new media productions. Our passion and purpose are to
help our clients craft immersive stories that trigger the best
return on emotion. Through a wide range of products and solutions,
we deliver the most gripping live sports images, buzzing
entertainment shows and breaking news content to billions of
viewers every day – and in real-time.The company is headquartered
in Belgium with offices in Europe, the Middle East, Asia and North
America, and provides sales and technical support to more than 100
countries. EVS is a public company traded on Euronext Brussels:
EVS, ISIN: BE0003820371.For more information, please visit
www.evs.com. About AXON Axon is a leading provider
of reliable flexible broadcast and IP infrastructure solutions.
From conversion, IP signal processing to advanced control and
monitoring, we are trusted to deliver mission-critical workflows
across the broadcast chain. Always innovative and embracing the
latest industry standards, our modular systems simplify complexity,
drive productivity and future-proof your business. Based in The
Netherlands, with offices around the world and a network of
qualified dealers and system integrators, Axon delivers confidence
at the heart of broadcast.For more information, please visit
www.axon.tv |
- Press release in PDF Format
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