EVS has announced the acquisition of MOG Technologies, which specialises in file-based and software-defined video solutions.
According to the company, the acquisition will strengthen its cloud-based services, enabling EVS to broaden its premium live production ecosystem by expanding its file-based ingest and transcoding capabilities.
MOG Technologies’ almost 50 staff based in Portugal will be integrated into EVS.
EVS reported that MOG Technologies generates an annual revenue of approximately €4 million. The acquisition represents a value, including an earn-out mechanism, totalling below €5 million. The transaction is subject to certain closing conditions, which are expected to be fulfilled by Q4 this year, the companies said.