ERLANGER, KY — Nortek, Inc. has acquired TV One and its subsidiaries in the U.S., U.K., Taiwan and China. TV One will be part of Nortek’s Technology Products segment and closely aligned with Magenta Research Ltd.
“We recently celebrated our 25th anniversary in the pro AV industry and have established a record of consistent growth, profitability and product innovation,” noted David K. Barnes, TV One CEO, who will continue with the company under Nortek. “I look forward to maximizing the opportunities that will take TV One to the next level.”
“TV One’s combination of its proprietary Corio scaling technology, unique products and solid growth is a perfect fit with Magenta,” added Magenta Research CEO Keith Mortensen. “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,” Mortensen continued. “The recent introduction of Voyager, Magenta’s all-format fiber 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, June 15-17, 2011, in Booth 3601.
For more information, please visit www.tvone.com.
