Green light from Europe for the merger of the Danish Triax and the Spanish Klode Media

The merger comes as a result of a mutual agreement between Triax owner Polaris Private Equity and Klode Media, the former multimedia business unit of Ikusi owner Velatia.

European regulators have given the green light to the merger of the Danish video distribution technology company Triax and the Spanish Globe Media, the former multimedia business unit of the technology operator see, which was initially announced in December of last year.

The merger came about as a result of a mutual agreement between Triax owner Polaris Private Equity and Klode Media, the former multimedia business unit of Ikusi owner Velatia.

Peter Lyhne Uhrenholt, CEO of Triax, admits that he is “delighted that the merger has been approved. “Together we are stronger: we will advance our position as technological leaders in our field, with greater agility, market footprint, strengthened regional presence and greater relevance for customers.”

For its part, Alfredo Juarranz Bueno, director of Klode Media, adds that “this is an exciting day for both of our companies. As competitors we have always had a lot in common; Now, together as one, our shared vision is to be our customers' preferred partner for connected products and online services, placing us at the forefront of the rapidly growing B2B data and audiovisual solutions market. “We will relentlessly focus on being our customers’ partner of choice.”

The new one joint venture participada al 50% por Triax y Klode Media is based in Gipuzkoa and will combine the knowledge, experiences and development of both companies, which will boost its leadership in Europe in the reception, processing and distribution of TV, audio, video and data signals.

With headquarters, production and R&D base in Hornsyld, Denmark, Triax is a global provider of products and solutions for the reception and distribution of video, audio and data signals. The company operates globally with 9 subsidiaries and distributors in more than 60 countries. Ikusi's Multimedia division, which represents 7% of the company's turnover, offers innovative and high-tech solutions for the reception, processing and distribution of audiovisual digital content, focusing on providing high added value solutions to B2B clients, within the framework of “turnkey solutions”. The company is headquartered in San Sebastián and operates mainly in Europe and Asia-Pacific.

With more than a century of combined experience, Ikusi's Multimedia division and Triax are recognized brands in Europe, the Middle East, Africa and Asia-Pacific for their quality, reliability and technological innovation. Together, the companies will be able to provide customer partners with leading products and solutions, as well as greater market presence and a strengthened regional presence.

Other articles on see, Globe Media, Triax