Kudelski Group sells SmarDTV device business to Neotion

Tuesday 14 August 2018 | 08:57 CET | News
The Kudelski Group announced an agreement to sell its SmarDTV conditional access module (CAM) and set-top box businesses to SmarDTV Global, a newly set up entity affiliated with Neotion. Upfront cash consideration for the transaction amounts to USD 20 million, subject to customary closing adjustments, with the potential for additional earn-out payments based on CAM and set-top box sales volumes in the period up to the end of 2021.

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Categories: Broadcast & Satellite
Companies: Conax / Kudelski Group / Neotion
Countries: World
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