01.20.2006 02:57 PM
Thomson completes acquisition of Canopus
Thomson announced the completion of its previously stated goal to acquire the majority of Canopus stock. It now owns 94 percent of the company’s public shares. Canopus, based in Japan, develops and markets PC-based HD video editing software and systems.
The acquisition of Canopus will strengthen the position of Thomson’s Grass Valley Broadcast & Networking business, which, the company said, is a key element in its two-year plan to increase revenue. The acquisition helps Thomson broaden its media and entertainment client base, while speeding up the delivery of new technologies that address desktop video editing, video over IP, and digital media conversion.
Thomson plans to ultimately acquire 100 percent of the issued shares of Canopus.
For more information, visit www.thomsongrassvalley.com.
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