EVS acquires MOG Technologies to enhance portfolio and expand market reach
02 Agosto 2024 - 11:30AM
UK Regulatory
EVS acquires MOG Technologies to enhance portfolio and expand
market reach
Publication on August 2, 2024, at 18:30 CEST after market
closing
Non-Regulated Information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg
(EVS BB), Reuters (EVSB.BR)
EVS acquires MOG Technologies To enhance portfolio and
expand market reach
STRATEGIC ACQUISITION TO FURTHER SUPPORT THE EXTENSION OF
MEDIACEPTION WORKFLOWS
- Paris | Friday, August 2nd, 2024
EVS, a leader in live video production
technology, is proud to announce the acquisition of Portugal based
MOG Technologies, a strategic move that enhances EVS's portfolio
with state-of-the-art file-based and software-defined video
solutions. This acquisition enables EVS to immediately broaden its
premium live production ecosystem by expanding its file-based
ingest and transcoding capabilities.
MOG Technologies's renowned expertise in cloud
technology will bolster EVS's Balanced Computing strategy,
particularly enhancing its content management and distribution
solutions, respectively MediaCeption® and
MediaHub®. The strengthening of EVS’s cloud-based
services aligns perfectly with the evolving expectations of the
market, ensuring that the company remains at the forefront of
technological advancements in live and near-live production.
Moreover, with a team of close to 50 colleagues
based in Porto, the acquisition grants EVS access to a pool of
highly skilled talent, bringing profound expertise in digital media
and video technology, beyond traditional broadcasting. This
infusion of talent is set to drive innovation in new directions and
reinforce EVS's position as a pioneer in the industry.
Customers of both EVS and MOG Technologies will
benefit from the combined strengths of both companies. The
acquisition will provide:
- Enhanced
product offerings: A broader and more integrated range of solutions
to streamline media workflows from ingest to distribution.
- Innovation and
development: Enhanced capability of investment in research and
development to drive technological advancements and deliver
cutting-edge solutions.
- Expanded
support and services: Improved customer support and professional
services to ensure seamless implementation and optimal use of the
combined product portfolio.
"I am excited to welcome the MOG
Technologies team into the EVS family. The integration of MOG
Technologies is a logical step in EVS’s transformation, moving
beyond products to offering comprehensive solutions and forming a
premium live production ecosystem where all live stories are
produced, managed, and distributed seamlessly," says Serge Van
Herck, CEO of EVS. "The product range of MOG Technologies not
only complements EVS's existing portfolio, but will also help to
quickly integrate software-defined ingest capabilities and
introduce new transcoding features, both on-prem or in the cloud,
in line with the Balanced Computing strategy of EVS. This solution
is meant to serve the evolving needs of our
customers."
Luis Miguel Sampaio, CEO of MOG Technologies,
added: “Joining forces with EVS is a significant step for MOG
Technologies. Our combined expertise will enable us to offer
unparalleled solutions to the media and broadcast industry. We are
excited about the opportunities this acquisition brings and look
forward to contributing to EVS’s success.”
MOG Technologies generates an annual revenue of
approximately EUR 4 million. The acquisition represents a value,
including an earn-out mechanism, totaling below EUR 5 million. The
share purchase agreement was signed on August 2nd, 2024,
at the EVS House in Paris. The transaction is subject to certain
closing conditions, which are expected to be fulfilled by Q4 this
year.
This acquisition underscores EVS's commitment to
innovation and excellence, ensuring that it continues to deliver
unparalleled solutions to its customers and stakeholders
worldwide.
About EVS
We create return on emotion
EVS is globally recognized as a leading provider
in live video technology for broadcast and new media productions.
Spanning the entire production process, EVS solutions are trusted
by production teams worldwide to deliver the most gripping live
sports images, buzzing entertainment shows and breaking news to
billions of viewers every day – and in real time. As we continue to
expand our footprint, our dedication to sustainable growth for both
our business and the industry is clearly demonstrated through our
ESG strategy. This commitment is not only reflected in our results,
but also in our high ratings from different agencies.
Headquartered in Liège, Belgium, the company has
a global presence with offices in Australia, Asia, the Middle East,
Europe, North and Latin America, employing over 600 team members
and ensuring sales, training, and technical support to more than
100 countries.
EVS is a public company traded on Euronext
Brussels: EVS, ISIN: BE0003820371. EVS is, amongst others, part of
the Euronext Tech Leaders and Euronext BEL Mid indices.
About MOG Technologies
MOG Technologies is a worldwide provider of
digital media technology. Its innovative solutions enable the
digital transformation across any industry that needs to create,
manage, and distribute its stories while engaging with communities
of any size. Based on digital-native and cloud-based video
technologies, MOG is empowering prominent media companies, teams,
and creatives across the globe to deliver amazing content in a
simpler and faster way.
Media contacts
For more info about this press release, or to
set up an interview with EVS, please contact:
Veerle De Wit – Chief Financial
Officer
Tel: +32 4 361 7004 - Email: v.dewit@evs.com
Sébastien Verlaine – Senior Brand &
Corporate Communications Manager
Tel: +32 4 361 5809 - Email: s.verlaine@evs.com
- Press release in PDF format
EVS Broadcast Equipment (EU:EVS)
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