Thomson Broadcast has sealed a definitive agreement to acquire GatesAir from Gores Group. GatesAir is currently a leader in wireless, over-the-air content delivery solutions for radio and TV.
The deal is contingent on specific regulatory filings and is meant to close in the second quarter of 2022.
However, not enough information on the deal was announced.
GatesAir is a distinguished entity in the Broadcast sector with a long record of powering over-the-air networks around the world with unmatched dependability over the past 100 years.
Thomson Broadcast is an international French company that is well established in the broadcast industry.
The company has experienced significant growth following a victorious participation in the North America Spectrum Repack program.
In addition, GatesAir has worked with Bowen Inc. on a dynamic process that involved interest from several strategic and financial parties, which saw Thomson Broadcast succeeding as a result of its highly complementary fit.
The merger of GatesAir with Thomson Broadcast will bring a weighed, comprehensive platform with better effectiveness in innovation, design and product coherence and an expanded portfolio of holistic, distinct broadcast solutions.
CEO of GatesAir, Bruce D. Swail, said, “The company is a leader in the broadcast industry, and our merger with Thomson Broadcast creates a company that is capable of meeting the ever-growing demands of our customers around the world.”
“I am exceptionally delighted with the team at GatesAir for their domination and innovation in this industry over the past century and looking forward to the next 100 years as a robust entity using the influence of both broadcasting brands.”
Senior Managing Director at The Gores Group, Edward Johnson, added, “during the period of the partnership with Bruce and the managing team, GatesAir had established itself as a leading, independent broadcast entity and has earned enormous growth and transformation through organic and inorganic initiatives.
Thomson Broadcast has acquired great knowledge in the fields of Digital Terrestrial Transmission (DTV) and AM Radio, including DRM, for more than a century.