Broadcast equipment and technology suppliers Pro-Bel and Snell & Wilcox have announced that they have merged their operations to create a new company, with operations being managed by members of executive teams from both organizations.
"For more than thirty years, both Pro-Bel and Snell & Wilcox have offered compelling best-of-breed solutions that help to solve real-world customer issues," said Graham Pitman, Pro-Bel’s CEO in announcing the merger. "During this time the two companies have developed highly complementary product ranges with very little overlap; well-deserved reputations for innovation, product quality and reliability; and a joint commitment to excellence in customer service. Through this merger, the new combined company will build on this strong foundation to create one of the industry's great companies."
The U.K.-based manufacturers said that engineering talent from both companies would be pooled "to create industry-leading products and to deliver them to market in less time." Plans also call for a joint customer service organization and "to innovate and push the boundaries of image processing" in connection with the multi-screen television world that has evolved.
In speaking about the merger, Snell & Wilcox’s CEO Simon Derry commented that the companies were responding to the emergence of new business models in the 21st century and that the partnership would create a stronger and more versatile company.
"Our industry is in a period of dynamic transition," Derry said. "By joining forces we have created a company that has the talent, technology and resources to meet the evolving needs of our existing customers, while simultaneously taking advantage of new opportunities as they emerge."
Derry and Pitman are part of the new company’s management team, with Derry assuming the role of CEO and Pitman taking on the duties of deputy chairman. Pro-Bel has given up its booth at the upcoming NAB Show next month and both will exhibit in the Snell & Wilcox Booth (SU1917).