Technology investment company Francisco Partners has completed the acquisition of Grass Valley’s broadcast and professional business from Technicolor.
As of January 1st, 2011 Grass Valley began doing business as an independent company again.
The terms of the sale include 100 per cent ownership of the current Grass Valley Broadcast & Professional business, including the camera, content re-purposing, editing, master control production switchers, routing and video servers product lines. It also includes the sales & systems activities and customer support organisation world wide.
Grass Valley has established a customer information website to help customers and technology partners understand the specifics of the deal.