Replication | 4:35 July 27, 2010 | Print this story

Francisco Partners acquires Grass Valley from Technicolor

Technicolor has sold its Grass Valley Broadcast and Professional business firm to California-based private equity firm Francisco Partners, which specialises in technology companies.

Francisco said the firm will operate as Grass Valley and continue services including camera, content repurposing, editing, master control, modular, news production, production automation, routing, servers, storage, and switching product lines including their entire product portfolios, the R&D centres and factories around the world, the Sales & Systems activities and Customer Support organization worldwide, as well as the management and administrative support functions dedicated to the business.

Francisco Partner David Golob said, “The business has an unrivalled brand identity and company heritage, a long history of innovation, team members that are dedicated to their customers’ success, and an impressive product portfolio.”

Grass Valley SVP Jeff Rosica said it was positive news for the company and its customers. “The opportunity to be part of Francisco Partner’s portfolio gives Grass Valley a solid foundation to continue to work tirelessly to maintain our core values of innovation, performance, and passion that have benefited our customers throughout the years,” Rosica said. “Our customers worldwide will continue to receive the high quality and service that they have come to expect from Grass Valley, with continued focus on raising the bar in our industry.”