Vizrt completes sale of Escenic
Bergen, Norway, January 12, 2015, Vizrt Ltd. (Oslo Main List: VIZ).
Further to its January 7, 2014 press release, Vizrt Ltd. today announced that it has completed the third and last tranche of the sale of Escenic AS to CCI Europe A/S. According to the terms of the definitive purchase agreement signed in November 2013, CCI acquires the final tranche of 24.5% on December 31, 2014 for a consideration of up to USD 1 million, depending on Escenic’s turnover for financial year 2014.
Investor and media contact:
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / +44 20 3289 6415 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 580 2929 0/ firstname.lastname@example.org
Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the broadcast industry - interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154.
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