Amino buys Tilgin STB business
November 17, 2008
IPTV platform supplier Amino Communications is to acquire Swedish vendor Tilgin AB’s IPTV set-top box (STB) division in a £2.5 million (â‚¬3.17m).
The company says the purchase of Tilgin IPTV, which offers a range of H.264 HD IPTV STBs within its ‘Mood’ product line, will further enhance Amino’s award-winning product portfolio and add new software functionality across its entire range. Tilgin IPTV has previously sold and delivered almost 500,000 STBs.
The acquisition will also give Amino immediate access to additional middleware solutions â€“ such as Ericsson and Nokia Siemens Networks â€“ as well as extending the Group’s customer reach. Amino expects to enjoy R&D cost synergies delivered through the development and maintenance of common ST Micro based STBs. New features stemming from the acquisition will include picture-in-picture, whole-home connectivity and green-power: all designed to satisfy a growing market demand.
"Tilgin IPTV is the perfect acquisition for Amino, delivering an extended product portfolio with exciting leading-edge features as well as valuable middleware partners and wider customer reach," said Andrew Burke, CEO of Amino. "The market is demanding consolidation coupled with innovation and Amino is ideally placed to deliver this elusive mix as the shape and nature of the IPTV industry evolves."