PRO-BEL MERGES WITH SNELL & WILCOX
Combined, the company has 2,000 active customers in more than 100 countries. Together, they will: offer more comprehensive solutions for customer needs; expand its pool of engineering; reinforce and expand its global presence; enhance joint customer service; and continue to innovate and push image processing technologies in the "multi-screen" world.
"For more than thirty years, both Pro-Bel and Snell & Wilcox have offered compelling best-of-breed solutions that help to solve real-world customer issues," notes Graham Pitman, CEO of Pro-Bel. "During this time the two companies have developed highly complementary product ranges with very little overlap; well-deserved reputations for innovation, product quality and reliability; and a joint commitment to excellence in customer service. Through this merger, the new combined company will build on this strong foundation to create one of the industry's great companies."
"Our industry is in a period of dynamic transition," adds Simon Derry, CEO of Snell & Wilcox. "Traditional business models are being rewritten as we embrace the exciting opportunities in the multi-definition, multi-platform world of 21st century digital media. By joining forces we have created a company that has the talent, technology and resources to meet the evolving needs of our existing customers, while simultaneously taking advantage of new opportunities as they emerge."
The management of the new company includes members of the executive teams of both companies, including Pitman and Derry. Pitman will serve as deputy chairman of the new company, and Derry will serve as CEO.