TV One acquired by Nortek
May 19, 2011
TV One has confirmed the recent sale of one hundred per cent of the Company’s stock to a subsidiary of Nortek, a diversified global manufacturer. The sale includes all TV One related, wholly-owned companies in the US, UK, Taiwan and China. TV One will be included in Nortek’s Technology Products segment and closely aligned with Magenta Research.
Magenta Research CEO Keith Mortensen commented, “The synergy between the two organisations is remarkable and TV One fits nicely into Nortek’s Pro AV strategy. Magenta plans to leverage TV One’s global sales network in order to enhance the market penetration of our products. The recent introduction of Voyager, Magenta’s all-format fibre optic-based signal distribution platform, expands our infrastructure product range significantly and is a perfect match with TV One’s soon-to-launch video processing range.”
TV One specializes in video, audio and multimedia processing equipment, based on its proprietary CORIO video conversion technology.
Magenta Research serves the pro-AV and digital signage markets, Magenta Research is a leader in the transmission, switching and flexible distribution of multi-format video.