New ownership for VCS AG16 October 2007
GERMANY/UK: German broadcast production/playout systems manufacturer VCS AG has been acquired by UK-based IT solution provider SciSys Group, it was revealed last week. The announcement follows the acquisition by SciSys of all shares in VCS from previous shareholders Dr. Meng GmbH & Co and WestLB AG, writes David Davies.
Formed in 1981, SciSys is best-known for supplying bespoke IT services to clients in the space, defence and public sectors. It now employs around 300 staff at offices in the UK (Chippenham, Bristol and Reading) and Germany (Darmstadt).
The deal – which also sees Dr. Meng GmbH & Co acquire nearly 10% of SciSys shares – is the latest stage in a business relationship between VCS and SciSys that stretches back over 15 years.
“I am delighted to welcome VCS to the SciSys Group,” SciSys CEO Mark Hampson tells PSN-e. “We have known VCS and have worked with them for many years. We share a similar culture of project delivery based on a detailed understanding of our customers’ needs.
“For both companies, this merger will increase access to markets and extend technical capabilities to new customers. For SciSys, VCS’ business unit Media Broadcasting Solutions is an excellent addition to its capability and customer portfolios. SciSys’ extended range of services and products enables additional growth potential for VCS.
“VCS will continue to operate successfully as it has done for the past years, but with the encouragement and support of the SciSys board.”