Pro-Bel Acquires VistekOctober 25, 2005
by -- BSE
Pro-Bel, the premier manufacturer and supplier of routing switchers, signal processing, master control, automation and workflow technologies, announced today the acquisition of Vistek Electronics Limited. Vistek is a privately owned company, based in the UK, and a global supplier of interface products to the broadcast media industry.
“We believe the integration of Vistek’s complementary product line into the well established Pro-Bel range will benefit our customers,” Graham Pitman, CEO, Pro-Bel Group explained. He continued, “Not only are both companies at the forefront of the HD transition, but jointly we have technology that provides improved digital media workflow for the Broadcast/IT crossover and addresses our customers need to reduce costs.”
Vistek celebrates its 20th anniversary in 2006 and Pro-Bel has been in business since 1977. Both companies have been experiencing considerable growth driven by increased market share. “The merger will significantly expand Pro-Bel’s offering to the global broadcast market and will also extend our reach into the cable and satellite market,” Pitman said, adding, “Clearly, the combination of Vistek and Pro-Bel creates a more powerful entity. It is good news for our customers and good news for our employees. Pro-Bel will be more able to meet the needs of customers and will have more resources to invest in developing new technology.”
“I’m truly excited by this opportunity,” commented Andrew Osmond, MD, Vistek. He added, “Vistek has an excellent reputation as a leader in signal processing products and the Vistek brand will remain as a product line in Pro-Bel. Together Vistek and Pro-Bel have the scale to leverage some of the exciting technologies Vistek has in the pipeline, enabling Pro-Bel to increase its range of technology offerings to existing and new customers.”
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