Vizrt, a provider of 3D graphics and asset management tools for the broadcast industry, has entered into an indicative non-binding term sheet with TV2 Gruppen for the purchase of all of the issued share capital of Mosart Medialab, a Norwegian private company active in the field of development and licensing of newscast automation software.
Mosart helps broadcasters streamline their workflow, automating a number of TV production tasks through software. The solution enables the creation of complex production with just a few operators through an easy-to-use software interface. Mosart takes input from the newsroom computer system to control systems and devices, while human resources remain in control and add the human touch.
“I am excited about the possibilities this proposed transaction can bring to Vizrt and our customers. Mosart’s technology is a perfect complement to our smart workflow solutions and will enhance our offering to broadcasters on a global scale. Vizrt continues to innovate and with this acquisition we further strengthen our position as the dominant player in the broadcast software market.” stated Martin Burkhalter, Vizrt’s CEO. “This transaction makes sense for us both strategically and financially. Mosart has shown strong growth and we expect our due diligence to show the acquisition will be accretive.”