Thomson Sells Thomson Grass Valley To Private Investors

Thomson announced that it is selling the Thomson Grass Valley equipment business to private investors led by PARTER Capital Group, a German private equity advisory firm. The sale includes the 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.

Thomson also reiterated its commitment to the film and post production markets across all its operations, including its Technicolor Content Services operations, a leader in the post production and a major user of the Spirit, Bones and LUTher products. Thomson also remains committed to the continued development and innovation in the application-critical areas of digital cinematography acquisition and nonlinear editing, including its award-winning Viper Filmstream camera.

“This is a very positive move for Thomson and for the digital film transfer equipment business,” claimed Jeff Rosica, Senior Vice President of Broadcast & Professional Solutions business unit within Thomson. “It enables us to better focus our efforts to bring to all markets – including the very important post production sector … And at the same time, PARTER Capital Group, with its experienced and dedicated management team, will focus its attention on the digital film transfer equipment business with renewed vigor.”

Through the transaction, which is expected to close in late October 2008, all Thomson Grass Valley digital film transfer hardware and related post production solutions – including the Spirit family of film scanners and DataCine systems, Bones workflow tools, and LUTher color space management solution will be spun off into a new international company with operational headquarters in Germany.

The 100th second-generation Spirit system has just been delivered, adding to the 250-plus Spirit classic systems still in use.

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