ATEME To Take Major Share In ANEVIA


FRA: ATEME and the main shareholders of ANEVIA have entered into negotiations to transfer their interest of the company to ATEME.
The transaction has received the prior unanimous support of the boards of directors of both parties. An "information-consultation" procedure with employee representative bodies of ANEVIA and ATEME will be launched.
Upon completion of the consultation, ATEME would acquire all shares held by the majority shareholders (including those to be issued upon exercise of securities giving access to the company's share capital), in part by way of contributions in kind and for the remainder, in cash.
The combination of the two companies would create a major player in video broadcasting infrastructure, with combined revenues of more than 80 million euro (pro forma 2019).
Michel Artières (pictured left), Chairman and CEO of ATEME, stated: "A merger with ANEVIA and its high-performance solutions for optimising video flow delivery is a key step in our expansion strategy in our customers' value chain and the conquest of new markets. Both companies share the same values of respect and innovation. Based on our mission to deliver the best quality of experience, our ambition is to become the reference video solution for billions of consumers. The shared vision of the two companies and their strong culture should enable us to rapidly create significant value for our customers, employees and shareholders." 
Laurent Lafarge, Chairman and CEO of Anevia, said: "ANEVIA's management is delighted with this project to combine with ATEME, the leader in video distribution infrastructure. This combination is a tremendous opportunity to accelerate development in a buoyant market, thanks to a value proposition which is rich and strong in innovation."
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