Tektronix to merge with Telestream

Telestream, which is owned by private equity firm Genstar, said it has partnered with Fortive to integrate Tektronix Video’s test, monitoring and quality assurance products for the broadcast and digital media markets into the Telestream business.

Oregon-headquartered Tektronix, which is a subsidiary of industrial conglomerate Fortive, provides oscilloscopes, spectrum analysers, waveform monitors and calibration services for automotive, advanced research, education and semiconductor industries, as well as media production and delivery.

The terms of the deal were not disclosed but Telestream said the transaction results in Genstar Capital partnering with Fortive in a co-ownership arrangement.

Telestream chief executive Scott Puopolo will remain CEO of the combined company. He said: “Combining Tektronix Video with Telestream brings more extensive sales reach and a very strong presence in additional countries and markets, as well as extensive channel relationships through which we can sell our entire portfolio.

“Further, Tektronix Video has industry leading product management and R&D skills that can augment our talent and extend Telestream’s capacity for innovation. Finally, with engineering talent in both Beaverton and Bangalore India, we will benefit from significant additional resources to both innovate and deliver to the needs of our customers.”

Founded in 1946 as part of Tektronix Inc, Tektronix Video has research and development and engineering facilities in Bangalore, India as well as sales operations in North America, Europe, Middle East, Asia, and Latin America.

Tektronix Video’s video test, monitoring and quality assurance products are used by media companies and service providers to monitor, analyse and optimise video. The company develops and markets video and audio test solutions for analysis, quality control, service assurance and regulatory compliance supporting a wide range of applications from HD to 4K/UHD, SDI to IP, and linear multicast to OTT ABR networks.