Lumine Group Completes Acquisition of Vidispine
Deal News | Apr 01, 2025 | Globenewswire
Lumine Group Inc. has completed the acquisition of the Vidispine brand and business assets from Arvato Systems, a subsidiary of Bertelsmann SE & Co. The move is aimed at bolstering Lumine Group's presence in the Communication and Media industries by integrating Vidispine's tailored media technology solutions into its portfolio. Vidispine is known for providing seamless access to technology for media companies, optimizing the value derived from their media assets. Arvato Systems supports digital transformation with innovative IT solutions, benefitting from being part of the global Bertelsmann conglomerate. The announcement includes forward-looking statements, suggesting cautious optimism about future outcomes related to the purchase, while acknowledging inherent uncertainties.
Sectors
- Media and Communication Technology
- Information Technology Services
Geography
- Canada – Lumine Group Inc., the purchasing company, is based in Toronto, Canada.
- Germany – Arvato Systems, the seller, is part of Bertelsmann, a German corporation, highlighting the international dimension of the transaction.
Industry
- Media and Communication Technology – Lumine Group acquires software businesses focused on the media and communications industry, and with Vidispine, they enhance key offerings in this sector.
- Information Technology Services – Arvato Systems, the selling company, is an IT specialist aiding in digital transformation, hence fitting within the IT Services industry.
Financials
- – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lumine Group Inc. | Purchasing Company | Company | A company focused on acquiring and growing vertical market software businesses in the Communications and Media industry. |
| Vidispine | Target Company | Company | A provider of media technology solutions that optimize the value of media assets for its clients. |
| Arvato Systems | Selling Company | Company | An international IT specialist focused on digital transformation, part of Bertelsmann SE & Co. KGaA. |
| Bertelsmann SE & Co. KGaA | Parent Company of Seller | Company | A global media, services, and education conglomerate based in Germany. |