Newbury-based, Quantel, buys Snell

Executive chairman and chief executive officer of Quantel, Ray Cross, said: "This acquisition brings two great companies together to create a major new force in the global broadcast and media technology market.
"This will enable us to better serve Quantel and Snell customers around the globe.
"Our product ranges are entirely complementary so the excellent Snell and Quantel brands and product ranges will continue.
"We'll be able to combine the best in class talent and technologies from Quantel and Snell to bring exciting new products and solutions to market to help our customers transform their businesses. More local offices across the world will enable us to build closer relationships with our customers and to offer even better support."
He added: "Managing director of the Snell TV Everywhere division, Paul Martin, and managing director of the Snell Live TV division, Robert Rowe, will join the Quantel board to make sure it is business as usual for Snell customers."
Snell creates unique and Emmy award-winning technologies to help broadcasters, content owners and content providers worldwide to process and manage their media content.
Outgoing chief executive officer of Snell, Simon Derry, said: "I'm really delighted that the Snell and Quantel businesses have come together to increase the scale and scope for both."
For more see tomorrow's Newbury Weekly News.