Thomson Broadcast has completed its acquisition of GatesAir from an affiliate of The Gores Group.
Ylias Akbaraly, chairman of Thomson Broadcast, called it “an excellent and significant step for Thomson Broadcast to further reinforce its worldwide leadership in the fast-evolving world of broadcast technology.”
The pending agreement had been announced in April. Thomson said then that the acquisition will help it meet its goal to establish itself in the U.S. market, a goal it set out four years ago.
Akbaraly highlighted Thomson’s “global platform, significant resources and commercial and innovation expertise.” He was joined in making the announcement by Bruce Swail, CEO of GatesAir; Amine Oubid, CEO of Thomson Broadcast France; Aby Alexander, president of Thomson Broadcast US; and Edward Johnson, senior managing director at The Gores Group.
Terms of the acquisition by Thomson Broadcast were not made public.
GatesAir is a manufacturer of products for over-the-air radio and television broadcasting. It is headquartered in Mason, Ohio, with manufacturing in Quincy, Ill.
Thomson Broadcast is based in Paris, France, with operations in West Palm Beach, Fla. Thomson itself was acquired in 2018 by Group Sipromad of Madagascar.
In 2012 Gores purchased Harris Broadcast Communications from Harris Corp. for $225 million. In 2014 Harris Broadcast then was split into Imagine Communications and GatesAir.