Cisco is exiting the set-top box business. Technicolor has agreed to acquire Cisco’s customer premises equipment (CPE) business for $600 million equivalent in a cash and stock transaction. The transaction and addition of Cisco’s complementary product portfolio will make Technicolor one of the global leaders in CPE and will immediately increase the company’s industrial and technological scale in all major geographies: – 15 per cent market share worldwide; – 60 million devices shipped each year and a global presence with an installed base of 290 million set-top-boxes and 185 million gateways in over 100 countries; – EUR 3bn of pro-forma revenues in 2014, doubling Technicolor’s revenues in the Connected Home segment; – Synergies generation in excess of EUR 100 million per annum on a run-rate basis, in particular in the field of supply chain and SG&A; – Strengthened innovation capabilities with over EUR 250 million of combined annual spending in Research and Innovation.
Read more at: http://www.televisionpost.com/technology/technicolor-is-acquiring-ciscos-stb-biz-for-600-mn/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/technology/technicolor-is-acquiring-ciscos-stb-biz-for-600-mn/ | TelevisionPost.com
