Thomson Broadcast Signs Agreement to Acquire GatesAir

摘要

GatesAir a provider of wireless, over-the-air content delivery solutions for radio and TV, today announced that Thomson Broadcast has signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group. The transaction is subject to certain regulatory filings and is expected to close in the second half of 2022. Details of the transaction were not disclosed.GatesAir is a renowned company in the Broadcast industry with a history of powering over-the-air networks worldwide with unparalleled reliability over the past 100 years. GatesAir has recently seen strong growth, coming off a very successful participation in the North America Spectrum Repack program. GatesAir worked with Bowen Inc. on a robust process which involved interest from several strategic and financial parties, with Thomson Broadcast prevailing due to its highly complementary fit. The combination of GatesAir with Thomson Broadcast will create a scaled, comprehensive platform with greater capabilities in innovation, design and product efficiency and an expanded portfolio of holistic, turnkey broadcast solutions.