Thomson Sells Thomson Grass Valley Digital Film Transfer Equipment Business to Private Investors

Thomson is selling the Thomson Grass Valley digital film transfer equipment business to private investors led by Parter Capital Group, a German private equity advisory firm. The sale includes the market-leading Spirit film scanning family, together with the Bones digital intermediate workflow tools and LUTher, a colour space management product. Financial terms of the sale are not being made public.

Through the transaction, which is expected to close in late October 2008 and subject to local labor requirements, all Thomson Grass Valley digital film transfer hardware and related high-end post production software solutions will be spun off into a new international company with operational headquarters in Germany.

Source: BroadcastBuyer