September 18, 2020
MediaPower to acquire stake in Aicox Broadcast business
MediaPower and Aicox Soluciones sign LOI for broadcast business venture
September 18, 2020 (Genoa, Italy) – European media technology solutions provider MediaPower and Spain and South America broadcast and telco powerhouse Aicox Soluciones sign Letter of Intent (LOI) to co-own the Aicox Soluciones Broadcast division subject to necessary approvals.
Aicox Soluciones agrees to sell forty-nine percent (49%) of its Broadcast division to MediaPower, maintaining 51% of the shares. While Aicox maintains the majority stake and administrative management of this new joint business, both companies will review and agree on the composition of the executive team, as well as annual strategic and business plans.
MediaPower and Aicox will continue to negotiate these conditions and perform the necessary due diligence and development of legal conditions and agreements until a mutually beneficial binding agreement is reached.
The Broadcast Division of Aicox Soluciones develops turnkey projects for Audio, Video, and Data environments—from Broadcast Systems, Interactive TV, Graphics, Distribution and Transmission, Content Management & Production, Post Production, to IT Audiovisuals, throughout Spain, Portugal, Africa, and Latin America.
MediaPower CEO Marcello Dellepiane remarks “We are excited about this new venture. We have been long-time partners with Aicox through reseller arrangements for some industry brands. But this new partnership will further expand our reach in Europe and South America”.
“MediaPower’s homegrown solutions and well-established broadcast and media expertise in major European markets complement our existing offerings in the Broadcast and Media space. This partnership makes both our companies stronger. It’s good news for us and our customers,” states Carlos Laborda, CEO of Aicox Soluciones.About MediaPower
MediaPower enables media workflows through products and services that empower organizations to create, manage, deliver, and monetize digital content. Founded in 1993, MediaPower started as an integrator of networking and storage solutions for the broadcast industry, with products from top brands like SeaChange, DDN, NetApp, and Dalet. MediaPower has since developed multidisciplinary expertise in IT-based workflows, media management, content acquisition & distribution, and digital transformation. www.media-power.it About Aicox Soluciones
Established in 1990, Aicox Soluciones distributes, installs, and services advanced telecommunications, broadcasting, and industrial equipment. Aicox offers satellite equipment, radio transmitters, audio and video production equipment, industrial automation controls, optoelectronics, and computer electronics. Aicox serves customers in Spain, Portugal, and other countries in South America. www.aicox.com