FCDE confirms Thomson offer
March 9, 2011
Technicolor has received a binding offer to acquire the Thomson Video Networks business from the Fonds de Consolidation et de Développement des Entreprises (FCDE).
The FCDE finances the recovery and development of small- to medium-sized enterprises demonstrating a strong potential for success. The capital development fund, with approximately €200 million, is financed with up to €90 million by the Fonds Stratégique d’Investissement (FSI) together with the principal banks and insurance companies based in France.
The investment includes 100-per cent ownership of everything considered to be part of Thomson Video Networks. This includes the entire portfolio: video encoders/decoders, MPEG processors, video servers, datacasters, network management, monitoring and switching product lines, the associated R&D centres, and the systems activities worldwide. The offer also comprises the Thomson Video Networks’ sales and customer support organisations around the world, as well as the various management and administrative support functions.