International. Following approval by the Competition and Markets Authority, Vitec Videocom, a division of Vitec Group, has completed the acquisition of Autocue Group. This agreement is part of the company's ongoing strategic program to bring a wider range of solutions to its customers.
"We reached a conditional agreement to acquire Autocue in April and now that the Competition and Markets Authority has cleared the deal, we can move forward with the integration," said Matt Danilowicz, CEO, Vitec Videocom.
"Our top priority is to ensure that it remains the same as before for all of our Autocue and Autoscript customers, while continuing to invest in the business and maintain high levels of service and product quality," added Danilowicz. "Richard Satchell, the current CEO of teleprompter, will join the Vitec Videocom team and we look forward to working with us to make this transition."
The acquisition will help ensure that customers of both Autocue and Vitec Videocom have access to the widest range of Teleprompting technologies and solutions on the market that address the full spectrum of needs across applications in terms of size and functionality.
Leave your comment