Thomson Broadcast to acquire GatesAir
April 25, 2022
GatesAir, a global player in wireless, over-the-air content delivery solutions for radio and TV, has announced that Thomson Broadcast has signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group.
The transaction is subject to certain regulatory filings and is expected to close in the second half of 2022. Details of the transaction were not disclosed.
“GatesAir is already an undisputed leader in the broadcast industry, and our combination with Thomson Broadcast will create a combined company of larger scale even better suited to meet the ever-evolving needs of our customers all over the globe,” said Bruce D. Swail, CEO of GatesAir. “I am very proud of the GatesAir team for its stewardship of and innovation in this industry over the past century and look forward to entering the next 100 years as an even stronger business leveraging the strengths of two legendary broadcast brands. On behalf of everyone at GatesAir, I’d like to thank Gores for their strategic guidance which was invaluable in growing our business and driving innovation.”
“Over the course of our successful partnership with Bruce and the management team, GatesAir has driven tremendous growth and transformation through organic and inorganic initiatives, establishing itself as a premier, independent broadcast company with market leading technology and service,” added Edward Johnson, Senior Managing Director at The Gores Group. “We have no doubt GatesAir will continue on its successful trajectory and strengthen its market leadership alongside Thomson Broadcast.”
“In 2018, we have set the goal to establish ourselves in the US Market. With Thomson Broadcast and GatesAir now united, these two companies will make us stronger in America and globally as well,” commented Ylias Akbaraly, Chairman of Thomson Broadcast.
“We are delighted to have reached this point,” said Amine Oubid, CEO of Thomson Broadcast. “From the start we were excited to work with the GatesAir team and saw the obvious fit of the two companies. The transaction closing can’t come fast enough for us. We’re very proud to participate in the rallying of two century-old companies and excited to start working together.”