Newbury, UK (March 14, 2014)—News and sports production systems specialist Quantel has announced it will acquire broadcast and media technology company Snell, which is based in Reading, England.
As a result of the acquisition, the company now has offices in 16 locations worldwide and combined revenues of more than $170 million.
Paul Martin, managing director of Snell’s TV Everywhere division, and Robert Rowe, managing director of the Snell Live TV division, will join the Quantel board. Tim Banks, sales director for Snell, and Peter Fredericks, Snell’s finance director, are also taking leading roles in the new combined organization.
“I’m really delighted that the Snell and Quantel businesses have come together to increase the scale and scope for both,” said Simon Derry, outgoing CEO at Snell. “Under Ray’s leadership, the combined business will be able to write a new and exciting chapter moving forwards. I look forward to supporting Ray during the important period of transition.”
“We will be creating a new world-class facility at the company headquarters in Newbury to produce the complete Quantel and Snell product range, and we look forward to the new ideas generated when the two R&D teams start to interact,” said Cross.
“This acquisition brings two great companies together to create a major new force in the global broadcast and media technology market. This will enable us to better serve Quantel and Snell customers around the globe,” said Ray Cross, executive chairman and CEO, Quantel.
“Our product ranges are entirely complementary, so the excellent Snell and Quantel brands and product ranges will continue. We’ll be able to combine the best in class talent and technologies from Quantel and Snell to bring exciting new products and solutions to market to help our customers transform their businesses. More local offices across the world will enable us to build closer relationships with our customers and to offer even better support.”