NEVADA CITY, CA — Technology focused investment company Francisco Partners has completed the closing process with Technicolor and finalized the acquisition of the Grass Valley Broadcast & Professional business. Terms of the sale include 100 percent ownership of the current Grass Valley Broadcast & Professional business.
The acquisition includes the camera, content repurposing, editing, master control, modular, news production, production automation, production switchers, routing, and video servers product lines; the R&D centers and factories around the world; the sales & systems activities and customer support organization; and the management and administrative support functions dedicated to the business.
Grass Valley has set up a Website (www.grassvalley.com/greenergrass) with complete details of the acquisition and how it affects customers. This site allows visitors to view or download public documents. There’s also a special email address for questions or comments (firstname.lastname@example.org), which will be answered by senior VP, Jeff Rosica (pictured).