Mediatec Broadcast completes takeover of STV Facility
On Wednesday 14th of April, Mediatec Broadcast Sweden AB signed the final agreement with STV Holding A/S to take over 100% of the shares in the Danish company STV Facility A/S.
The deal between Mediatec Broadcast and STV Holding has its basis in profitability issues at STV Facility – a consequence of increased competition and reduced volumes. The company has also invested heavily in High Definition equipment, an investment that has not been as profitable as anticipated.
´This deal strengthens our cooperation with Mediatec Broadcast and gives the STV group the power to focus on other areas of our operations’, says René Szczyrbak, owner of STV Holding.
‘The takeover of STV Facility represents a strengthening of both our business and our organisation’‘, explains Paul Henriksen, Director Mediatec Broadcast. ‘We will increase usage of STV’s HD technology by making it more accessible for existing customers and by profiling it to new customers’.
STV Facility and Mediatec Broadcast ApS will market themselves under the Mediatec brand name. STV Facility’s operations will shortly move from Odense to Copenhagen.
For more information please contact:
Paul Henriksen
Director Business Area Broadcast, Mediatec Broadcast
paul.henriksen@mediatecgroup.com
+46 761 287 603
Mats Berggren
MD, Mediatec Broadcast ApS
mats.berggren@mediatecgroup.com
+46 702 320 945
René Szczyrbak
CEO & Partner, STV Holding A/S
rene@stv.dk
+45 20 60 10 60
