TV One acquired by Magenta parent20 May 2011
TV One is to be ‘closely aligned’ with Magenta Research following its sale to Nortek. The transaction, completed at the end of April, covers all wholly owned TV One companies in the US, UK, Taiwan and China. TV One will become part of Nortek’s Technology Products segment. David K. Barnes, TV One CEO, said: “We recently celebrated our 25th anniversary in the pro AV industry and have established a record of consistent growth, profitability and product innovation. At the upcoming InfoComm show, we will launch an entirely new technology and product range that will usher in a new era for TV One. As part of the Nortek family of companies, I look forward to maximising the opportunities that will take TV One to the next level. I personally look forward to being part of that continuing success.” “TV One’s combination of its proprietary CORIO scaling technology, unique products and solid growth is a perfect fit with Magenta,” said Magenta Research CEO Keith Mortensen. Mortensen added: “The synergy between the two organizations is remarkable and TV One fits nicely into Nortek’s pro AV strategy. Magenta plans to leverage TV One’s global sales network in order to enhance the market penetration of our products. The recent introduction of Voyager, Magenta’s all-format fibre optic-based signal distribution platform, expands our infrastructure product range significantly and is a perfect match with TV One’s soon-to-launch video processing range.” The two companies will jointly exhibit at InfoComm in Orlando in June.