Quantel buys Snell
Quantel has just announced that it has acquired Snell. The company said the acquisition enables the combined business to offer customers a complete product range to create, version and deliver high quality content efficiently across multiple platforms.
With offices in 16 locations all around the globe and with combined revenues of more than $170m, the combination of Quantel and Snell is set to be a significant shakeup in the broadcast and media technology market.
“This acquisition brings two great companies together to create a major new force in the global broadcast and media technology market. This will enable us to better serve Quantel and Snell customers around the globe,” said Ray Cross, Executive Chairman and CEO, Quantel. “Our product ranges are entirely complementary so the excellent Snell and Quantel brands and product ranges will continue. We’ll be able to combine the best in class talent and technologies from Quantel and Snell to bring exciting new products and solutions to market to help our customers transform their businesses. More local offices across the world will enable us to build closer relationships with our customers and to offer even better support.”
“Paul Martin, Managing Director of the Snell TV Everywhere division and Robert Rowe, Managing Director of the Snell Live TV division will join the Quantel board to make sure it is business as usual for Snell customers,” continued Cross. Tim Banks, Snell Sales Director and Peter Fredericks, Snell Finance Director are also taking leading roles in the new combined organisation. “I’m really delighted that the Snell and Quantel businesses have come together to increase the scale and scope for both,” said Simon Derry, outgoing CEO at Snell. “Under Ray’s leadership the combined business will be able to write a new and exciting chapter moving forwards. I look forward to supporting Ray during the important period of transition.”
“We will be creating a new world class facility at the company headquarters in Newbury to produce the complete Quantel and Snell product range and we look forward to the new ideas generated when the two R&D teams start to interact,” said Cross.