Gatesair's Acquisition To Help Thomson Broadcast Expand Operations In US Market

Thomson Broadcast Signs a definitive agreement to acquire GatesAir to Expand operations in the US Market.

Fremont, CA: "We have no doubt GatesAir will continue on its successful trajectory and strengthen its market leadership alongside Thomson Broadcast." States Edward Johnson, Senior Managing Director at The Gores Group. Thomson Broadcast has signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group (Gores), a global pioneer in wireless, over-the-air content delivery systems for radio and television. The acquisition is expected to complete in the second half of 2022, subject to certain regulatory filings. The transaction's specifics were not revealed.

“GatesAir is already an undisputed leader in the broadcast industry, and our combination with Thomson Broadcast will create a combined company of larger scale even better suited to meet the ever-evolving needs of our customers all over the globe,” states Bruce D. Swail, CEO of GatesAir. “I am very proud of the GatesAir team for its stewardship of and innovation in this industry over the past century and look forward to entering the next 100 years as an even stronger business leveraging the strengths of two legendary broadcast brands. On behalf of everyone at GatesAir, Id like to thank Gores for their strategic guidance which was invaluable in growing our business and driving innovation.”

“Over the course of our successful partnership with Bruce and the management team, GatesAir has driven tremendous growth and transformation through organic and inorganic initiatives, establishing itself as a premier, independent broadcast company with market leading technology and service," states Edward Johnson, Senior Managing Director at The Gores Group.

"Thomson Broadcast and GatesAir together can bring innovative and revolutionary products to the broadcast industry in the centuries to come," states Aby Alexander, President of Thomson Broadcast USA.

"We are delighted to have reached this point, comments Amine Oubid, CEO of Thomson Broadcast. "From the start, we were excited to work with the GatesAir team and saw the obvious fit of the two companies. The transaction closing can't come fast enough for us. We're very proud to participate in the rallying of two century-old companies and excited to start working together."