Pace to Acquire Bewan
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.