Miranda Technologies Inc., developer, manufacturer and distributor of high-performance hardware and software for the Television broadcasting industry, announced that it entered into an agreement to acquire all outstanding shares of the private company Nvision.
The cash transaction is valued at US$40 million and will be financed with a combination of cash in hand and a loan in US dollars. It is expected that there will be an increase in the profits during 2009 and should generate synergies in sales and geographical distribution. Nvision provides routing for the broadcast industry.
