European competition authorities have given their approval to the merger of Denmark’s TRIAX and the Spanish company Klode Media, the former Multimedia business unit of Ikusi.
The mutual agreement between TRIAX owner Polaris Private Equity and Klode Media was first announced in December 2020.
Peter Lyhne Uhrenholt, CEO at TRIAX, said, “I’m delighted the merger has been approved. Together we are stronger – we will advance our position as technological leaders in our field, with increased agility, market footprint, strengthened regional presence and greater relevance to customers.”
Alfredo Juarranz Bueno, Director of Klode Media, the former Multimedia business unit of Ikusi, said, “This is an exciting day for our two companies. As competitors we always had much in common; together now as one, our shared vision is to be our customers’ preferred partner for connected products and online services, standing at the forefront of the fast-growing B2B audio-visual and data solutions market. We will focus relentlessly on being our customers’ preferred partner.”
The CEO of the new merged company is Peter Lyhne Uhrenholt and the Chair of the Board is Ramón Sotomayor.
The newly formed joint venture legal entity will be registered in Gipuzkoa, Spain and the operational headquarters of the new merged company will be in Hornsyld, Denmark.