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Ateme announces plans to acquire Anevia

Ateme announces plans to acquire Anevia

Ateme announces plans to acquire Anevia

Ateme and Anevia have entered into exclusive negotiations to transfer their interest in the share capital of the company to Ateme. As a result, an “information-consultation” procedure with employee representative bodies of both Anevia and Ateme will be launched. The combination of the two companies would create a major player in video broadcasting infrastructure, with combined revenues of more than €80m. The terms set put Anevia’s enterprise value at €19m.

“A merger with Anevia and its high-performance solutions for optimising video flow delivery is a key step in our expansion strategy in our customers' value chains and the conquest of new markets,” commented Michel Artières, Ateme chairman and CEO. “Both companies share the same values of respect and innovation. Based on our mission to deliver the best quality of experience, our ambition is to become the reference video solution for billions of consumers. The shared vision of the two companies and their strong culture should enable us to rapidly create significant value for our customers, employees and shareholders.”

Upon completion of the above-mentioned “information-consultation” procedures, Ateme would acquire all Anevia shares held by the majority shareholders, including those to be issued upon exercise of securities giving access to the company’s share capital.

“Anevia’s management is delighted with this project to combine with Ateme, the leader in video distribution infrastructure,” added Laurent Lafarge, chairman and CEO of Anevia. “This combination is a tremendous opportunity to accelerate development in a buoyant market, thanks to a value proposition which is rich and strong in innovation.”

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