Inmedia acquires CAST
Jan 25, 2005 8:00 AM, Automation Update e-newsletter
Inmedia has acquired Cable and Satellite Transmissions Limited (CAST) from Barnes Trust Television. The purchase includes staff, equipment, premises and customer contracts.
The acquisition increases Inmedia's playout client-base to more than 60 channels playing out half a million hours of TV every year. It expands its service capability to more than 100 channels. Following the acquisition, Inmedia's major playout customers will now include The Travel Channel, The Chinese Channel, ESPN, Sony and Zone Vision.
Inmedia, owned by management and global private equity firm, The Carlyle Group, makes the deal as part of its long-term strategy to grow the business through such acquisitions, as well as maintaining a strong emphasis on the broadcast, enterprise and international carrier markets.
Inmedia will use CAST's 20,000sq ft central London premises.
For more information, visit www.inmedia.co.uk.
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