Leitch Technology completes acquisition of Inscriber
By TVTechnology
published Leitch recently completed the acquisition of Inscriber, the privately held video software company based in Waterloo, Ontario.
As previously announced, in mid-December Leitch entered into a definitive agreement to purchase Inscriber for a total purchase price of $18 million cash, including the assumption of $1.5 million in debt.
Leitch has funded the acquisition out of the company's cash balances and will account for this transaction as a purchase during the third quarter ending Jan. 31. The company is scheduled to release its third quarter results Feb. 22.
For more information, visit www.leitch.com.
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