Non-Regulated
Information
Paris | Friday, August 2, 2024
EVS
Acquires MOG Technologies to Enhance Portfolio and Expand Market
Reach
Strategic
acquisition to further support the extension of MediaCeption
workflows
EVS,
a leader in live video production technology, is proud to announce the
acquisition of Portugal based MOG Technologies, a strategic move that enhances
EVS's portfolio with state-of-the-art file-based and software-defined video
solutions. This acquisition enables EVS to immediately broaden its premium live
production ecosystem by expanding its file-based ingest and transcoding
capabilities.
MOG
Technologies's renowned expertise in cloud technology will bolster EVS's Balanced
Computing strategy, particularly enhancing its content management and
distribution solutions, respectively MediaCeption®
and MediaHub®.
The strengthening of EVS’s cloud-based services aligns perfectly with the
evolving expectations of the market, ensuring that the company remains at the
forefront of technological advancements in live and near-live
production.
Moreover,
with a team of close to 50 colleagues based in Porto, the acquisition grants EVS
access to a pool of highly skilled talent, bringing profound expertise in
digital media and video technology, beyond traditional broadcasting. This
infusion of talent is set to drive innovation in new directions and reinforce
EVS's position as a pioneer in the industry.
Customers
of both EVS and MOG Technologies will benefit from the combined strengths of
both companies. The acquisition will provide:
- Enhanced product offerings: A broader and more
integrated range of solutions to streamline media workflows from ingest to
distribution.
- Innovation and development: Enhanced capability of
investment in research and development to drive technological advancements and
deliver cutting-edge solutions.
- Expanded support and services: Improved customer support
and professional services to ensure seamless implementation and optimal use of
the combined product portfolio.
"I
am excited to welcome the MOG Technologies team into the EVS family. The
integration of MOG Technologies is a logical step in EVS’s transformation,
moving beyond products to offering comprehensive solutions and forming a premium
live production ecosystem where all live stories are produced, managed, and
distributed seamlessly," says Serge Van Herck, CEO of EVS. "The product
range of MOG Technologies not only complements EVS's existing portfolio, but
will also help to quickly integrate software-defined ingest capabilities and
introduce new transcoding features, both on-prem or in the cloud, in line with
the Balanced Computing strategy of EVS. This solution is meant to serve the
evolving needs of our customers. "
Luis
Miguel Sampaio, CEO of MOG Technologies, added: “Joining forces with EVS is
a significant step for MOG Technologies. Our combined expertise will enable us
to offer unparalleled solutions to the media and broadcast industry. We are
excited about the opportunities this acquisition brings and look forward to
contributing to EVS’s success.”
MOG
Technologies generates an annual revenue of approximately EUR 4 million. The
acquisition represents a value, including an earn-out mechanism, totaling below
EUR 5 million. The share purchase agreement was signed on August 2nd, 2024, at
the EVS House in Paris. The transaction is subject to certain closing
conditions, which are expected to be fulfilled by Q4 this year.
This
acquisition underscores EVS's commitment to innovation and excellence, ensuring
that it continues to deliver unparalleled solutions to its customers and
stakeholders worldwide.
About EVS
We
create return on emotion
EVS
is globally recognized as a leading provider in live video technology for
broadcast and new media productions. Spanning the entire production process, EVS
solutions are trusted by production teams worldwide to deliver the most gripping
live sports images, buzzing entertainment shows and breaking news to billions of
viewers every day – and in real time. As we continue to expand our footprint,
our dedication to sustainable growth for both our business and the industry is
clearly demonstrated through our ESG strategy. This commitment is not only
reflected in our results, but also in our high ratings from different
agencies.
Headquartered
in Liège, Belgium, the company has a global presence with offices in Australia,
Asia, the Middle East, Europe, North and Latin America, employing over 600 team
members and ensuring sales, training, and technical support to more than 100
countries.
EVS
is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. EVS
is, amongst others, part of the Euronext Tech Leaders and Euronext BEL Mid
indices.
About MOG Technologies
MOG
Technologies is a worldwide provider of digital media technology. Its innovative
solutions enable the digital transformation across any industry that needs to
create, manage, and distribute its stories while engaging with communities of
any size. Based on digital-native and cloud-based video technologies, MOG is
empowering prominent media companies, teams, and creatives across the globe to
deliver amazing content in a simpler and faster way.
Media contacts
For
more info about this press release, or to set up an interview with EVS, please
contact:
Veerle
De Wit – Chief Financial Officer
Tel: +32 4 361 7004 - Email: v.dewit@evs.com
Sébastien
Verlaine – Senior Brand & Corporate Communications Manager
Tel:
+32 4 361 5809 - Email: s.verlaine@evs.com | 
EVS, MOG Technologies 인수
