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Technicolor acquires Cisco connected devices business

Frederic Rose

Frederic Rose

Technicolor has entered into an exclusive agreement with Cisco to acquire its connected devices business for €550 million.

Technicolor and Cisco will also enter into a strategic partnership that will allow both companies to develop and deliver next generation video and broadband technologies, with cooperation on Internet of Things (IoT) solutions and services.

“We know that video expertise is essential to the future of creating outstanding network and home infrastructure products and services,” comments Frederic Rose, CEO of Technicolor. “Through this acquisition and strategic agreement, Technicolor can immediately bring its unrivalled experience and innovation in video creation, delivery, and display to more customers in more geographies, while strengthening our position as a technology leader.”

 

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