Pace France has signed a conditional agreement to acquire Bewan Systems, the Paris-based IP and cable gateways specialist.

The consideration for the acquisition will be payable in cash and will not exceed €12.5 million. The transaction is expected to close during the second quarter of 2010.

Bewan’s residential gateway capabilities include expertise in xDSL and cable DOCSIS 3.0 IP connectivity.

Bewan’s technologies will combine with Pace’s existing gateway business, enabling Pace to offer converged gateway and digital TV solutions to pay TV customers.

Additionally, the strong relationships Bewan has with several customers in Europe, North Africa and the Middle East will further widen Pace’s growing global presence.

“Bewan will further diversify the Pace Group’s technology and product offering, helping deliver on our convergence vision," said Neil Gaydon, CEO, Pace, in a statement.

The Daily

Subscribe
Friday–June 2

Media Industry Not Backing Down from Pride Celebrations

For years, programmers and MVPDs have welcomed June with a slew of Pride Month-themed programming and initiatives, and that doesn’t seem to be changing despite recent backlashes against Target , Bud Light and others.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Aug 18
Most Powerful Women – 2023Deadline: Aug. 11; Final Deadline: Aug. 18
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact [email protected] for more information.