Reading & Havant, U.K. (March 13, 2009)--Broadcast equipment manufacturers Pro-Bel and Snell & Wilcox have merged, creating a new joint company.
"For more than 30 years, both Pro-Bel and Snell & Wilcox have offered compelling best-of-breed solutions that help to solve real-world customer issues," said Graham Pitman, CEO of Pro-Bel. "During this time, the two companies have developed highly complementary product ranges with very little overlap; well-deserved reputations for innovation, product quality and reliability; and a joint commitment to excellence in customer service. Through this merger, the new combined company will build on this strong foundation to create one of the industry's great companies."
"Our industry is in a period of dynamic transition," said Simon Derry, CEO of Snell & Wilcox. "Traditional business models are being rewritten as we embrace the exciting opportunities in the multi-definition, multi-platform world of 21st Century digital media. By joining forces, we have created a company that has the talent, technology and resources to meet the evolving needs of our existing customers, while simultaneously taking advantage of new opportunities as they emerge."
The management of the new company includes members of the executive teams of both companies, including Graham Pitman, CEO of Pro-Bel, and Simon Derry, CEO of Snell & Wilcox. Pitman has been appointed deputy chairman of the new company, and Derry will serve as CEO.
According to a joint statement, the combined company has 2,000 active customers in more than 100 countries, a comprehensive portfolio of best-in-class products, and a worldwide team of sales and support personnel.
Snell & Wilcox