Thursday, January 29, 2009

Grass Valley up for sale

A well informed colleague of mine tipped me off that Grass Valley is up for sale as its parent Thomson has to shed weight in order to stay in business, according Thomson's yesterday's press release, and to an article on Television and Broadcast site. Says Thomson:
"The Board of Directors has approved the Chief Executive Officer’s proposal to divest its non-strategic operations. These assets, which include Grass Valley and PRN, accounted for approximately 1 billion euros of sales in 2008."
Grass Valley started in 1958 (wiki), merged with Tektronix in 1974 and has become one of the most recognizable brands in the television broadcast industry. It was acquired by Thomson SA in 2002.

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