Technology companies Tandberg and Arris have announced that they are to merge. Arris is to pay Tandberg a sum of $1,214 million based on current exchange rates.
In a statement Jan Christian Opsahl, Chairman, Tandberg Television said that industry consolidation among the key customer base has led to a demand for companies that can offer “increasing scale and scope of supply on a global basis”.
“By bringing together these two market leaders we are able to expand on our vision to be the global leader in the provision of digital IP infrastructure and to enable voice, video and data to be delivered over integrated broadband networks from the content provider to the head-end to the home,” says Bob Stanzione, chairman and CEO of Arris
The new company will bring together Arris’s expertise in VoIP, data broadband network equipment and consumer premises devices with Tandberg’s prowess in the digital video sector. The company holds more than 25% of the global video processing market and compression, on-demand and interactive television solutions, many elements acquired through a series of purchases made by Tandberg over the past two years.