Connectivity

Grass Valley Acquired by Francisco Partners Investment Firm

By Photo of Jeffrey Hill

[Satellite TODAY 01-04-10] Francisco Partners has finalized its acquisition of broadcast specialist Grass Valley from Technicolor, the companies announced Jan. 3.
    Francisco Partners will hold complete ownership of Grass Valley’s broadcast and professional businesses and inherit camera, content repurposing, editing, master control, modular, news production, production automation, production switchers, routing, and video servers product lines.
   The company will continue to operate as Grass Valley, with Francisco taking control of its management and administrative support functions. Financial details of the acquisition were not disclosed.

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