Audinate has signed an agreement to acquire the video business of Silex Insight SA, based in Belgium. Silex produces video networking products for manufacturers of AV equipment. The acquisition includes a range of AV-over-IP products as well as three Silex implementations of video codec.
“Audinate is an excellent new home for our video team, customers, and suppliers as there is a unique complement in know-how, competencies, and expertise,” commented Michel Van Maercke, CEO of Silex Insight. “Moreover, we see a great cultural fit and a similar customer-oriented mindset, which is critical for the success of an integration post-acquisition. I am confident that the Silex video team will do very well as part of Audinate and will make a true difference in the exciting Pro AV market.”
Audinate will also acquire a team of 8 engineers who are committed to supporting the existing Silex products and customers. With the new acquisition of Silex’s video business, Audinate can accelerate its strategic vision for integrated audio and video over IP as well as add breadth and depth to its AV-over-IP product line-up.
“Since the development of our first Dante AV product we have been committed to bringing the simplicity and interoperability of Dante to the video-over-IP market,” states Audinate co-founder and CEO Aidan Williams. “With this acquisition, we are doubling down on that strategy. The video codecs and deep product expertise in the team, in combination with our Dante networking technology, will enable us to go to market with a variety of full-service video offerings.”
The proposed transaction is a carve-out of the video business from Silex, which will retain its existing security business and is expected to complete on 31 January 2022.