Technicolor Finalizes Sale of Broadcast Equipment Manufacturing Business
The company has closed a deal to sell Grass Valley to Francisco Partners.
Technicolor has completed the sale of its Grass Valley Broadcast & Professional broadcast equipment manufacturing business to Francisco Partners, a San Francisco- and London-based technology-focused investment company. The value of the deal was not disclosed.
The acquired business will now operate as an independent company, under the name Grass Valley.
A leading broadcast equipment manufacturer, Grass Valley's product lines include cameras, content repurposing, editing, master control, news production, production automation, production switchers, routing and video servers.
Grass Valley was acquired by Technicolor (the parent company then used the moniker Thomson Multimedia) in 2001.
In 2008, Grass Valley's postproduction business was sold to private investors led by German private equity advisory film Parter Capital Group. That unit now operates as an independent company under the name Digital Film Technologies.