Cohu, Inc. Subsidiary Broadcast Microwave Services, Inc. Acquires Tandberg Television AVS GmbH For $8.3 Million In Cash
Cohu, Inc. (NASDAQ:COHU) today announced that its subsidiary, Broadcast Microwave Services, Inc. (BMS), has purchased Tandberg Television AVS GmbH (AVS) from Tandberg Television for approximately $8.3 million in cash.
AVS, located near Frankfurt, Germany, designs, develops, manufactures and sells digital transmitters, receivers and microwave communications systems. BMS produces both analog and digital transmitters, receivers and microwave communications systems. In 2006, AVS sales were approximately $7 million.
James A. Donahue, President and Chief Executive Officer of Cohu stated, "We are excited to add AVS and its talented team to Broadcast Microwave Services, Inc. AVS has developed high definition video transmission products that enhance the current BMS product line. With this purchase, we have expanded our digital microwave communications solutions, especially in HD broadcast television and public safety/law enforcement applications. This acquisition is a logical fit with BMS given the complementary products and sales territories of the combined operation.”
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