12.12.2008 01:35 AM
Miranda Marries Nvision

Miranda Technologies of Montreal, Quebec, has agreed to buy Nvision of Grass Valley, Calif. for $40 million in cash. Miranda, a signal processing specialist, reported sales of $37.6 million for the quarter ending Sept. 30, 2008, up 19 percent from the previous year. Nvision, a router powerhouse, reported revenues of around $34 million over 12 months to the same date. The companies have comparative gross margins, according to the acquisition announcement. Miranda reported a gross margin as percentage of sales at 62 percent for the third quarter.

Miranda, which ended 3Q with $69 million (U.S.), and will pay for the transaction with available cash on hand as well as a U.S. credit facility. Nvision is expected to generate earnings for the company during 2009. The deal is expected to close by the end of the year.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

Featured Articles
Discover TV Technology