Patton acquires Artel
Patton acquires Artel
Artel Video Systems has been acquired by Patton, the manufacturer of the FiberPlex brand fibre transport products for audio, video and data. The addition of Artel's video transport and IP-based products is part of Patton's growth strategy, enabling the company to offer a more comprehensive suite of solutions to meet the evolving demands of the telecom, broadcast and pro AV markets.
The manufacturer said that combining Artel’s R&D and manufacturing enhances Patton’s ability to serve customer needs for standard products. Furthermore, the acquisition brings new intellectual property building blocks to Patton’s contract development and special project services business. The combined companies will focus on providing new, highly integrated solutions, services and support, through Artel's established market penetration, together with Patton’s reach and resources.
“We enthusiastically welcome Artel Video Systems to the Patton family,” commented Burton A Patton, Patton chief revenue officer. “This acquisition furthers our strategic objectives in the real-time communications market, aligns with our vision to ‘go deep’ with our customers, complements our existing offerings and brings intellectual property that we can leverage to deliver on defense and industrial customer needs for special-use products.”
Tom Fyfe, Artel CEO, added: “Joining forces with Patton is a fabulous win for Artel and, most importantly, its customers. Patton's capabilities and commitment enables us to continue delivering and innovating broadcast-quality media and IP transport solutions while significantly enhancing the expertise and services we can deliver to those customers.”