Denmark’s Triax and the Spanish company Ikusi Multimedia have announced their planned merger in an agreement between Triax’s owner Polaris Private Equity and Ikusi Multimedia owner Velatia Group.
Triax is a a global supplier of products and solutions for the reception and distribution of video, audio and data signals. It operates globally with nine international sales subsidiaries and distributors in more than 60 countries.
Meanwhile, Ikusi Multimedia, a business unit of Ikusi Electrónica, offers innovative, high technology solutions for the reception, processing and distribution of audio-visual digital content, focussing on providing high value-adding turnkey solutions to operators, installers, integrators and professional electronic equipment distributors. The company is headquartered in San Sebastián, Spain and operates primarily in Europe and Asia-Pacific.
Commenting on the merger, Peter Lyhne Uhrenholt, CEO at Triax, said: “our shared vision is to be our customers’ preferred connectivity partner through cutting-edge technological leadership. We will combine our complementary solutions, strong R&D foundation and above all customer-focussed values to connect our clients to the future”.
Alfredo Juarranz Bueno, director of Ikusi Multimedia, added: “this strategic alliance is a very important milestone in our strategy towards a customised digital platform of audio-visual solutions and services for B2B clients. By joining forces, we are dedicating ourselves to creating game-changing new opportunities at the forefront of the fast-growing B2B audio-visual and data solutions market”.
The CEO of the new merged company will be Peter Lyhne Uhrenholt and headquarters will be in Hornsyld, Denmark.
The 50/50 merger agreement is among other conditions subject to approval from the European competition authorities.
It is expected to close in Q1 2021.
