Vantiva - Set to buy CommScope Home Networks
Vantiva has announced its intention to buy CommScope’s Home Networks business in exchange for CommScope taking a 25% stake in the enlarged group. The deal would significantly increase the scale of Vantiva’s Connected Home business, with combined revenues of $3.6bn (€3.4bn) in the 12 months to June 2023, enlarging its customer base and geographic reach. Run-rate cost synergies of $100m by FY26 have been identified and the deal (if it proceeds as intended) would accelerate the improvement in cash generation, so reducing the debt burden. An earn-out based on demanding EBITDA targets across FY25–29 is in place, capped at $100m. Completion is expected in Q423.Technicolor SA is engaged in the development of technologies, and the supply of digital production (visual effects and animation), video and sound postproduction and distribution solutions and services for a range of content creators, pay-television operators, and over-the-top (OTT) and network service providers. The Company operates in the media and entertainment industry. The Company's activities are organized in three operating segments: Connected Home, Entertainment Services and Technology. The Connected Home segment includes design and supply of solutions enabling the delivery of digital video entertainment, data, as well as voice and Smart Home services to pay-television operators and network service providers. The Entertainment Services segment includes Production Services and DVD Services divisions. The Technology segment includes Patent Licensing, and Trademark and Technology Licensing divisions.
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