Combined expertise and facilities will offer international broadcasters a major gateway to and from Asia
Content management and delivery
company GlobeCast and Pacific Century Group have reached a conditional
agreement for the acquisition by GlobeCast Asia of Hong Kong-based
broadcast services company Pacific Century Matrix (HK) Limited (PCM).
When the transaction is complete, PCM will be renamed GlobeCast Hong
Kong GlobeCasts fifth office in Asia and 18th office worldwide. The
acquisition will give PCM clients access to the worldwide reach of GlobeCast,a full subsidiary of France Telecom, while retaining PCMs expertise and personnel.
GlobeCast and PCMs international roster of clients will benefit from the
companies combined resources, including two major technical hubs in
Singapore and Hong Kong. The Hong Kong teleport and MCR facility will also
be interconnected with GlobeCasts 12 other teleports and technical
operations centres around the world, as well as with the companys extensive
satellite and fibre content distribution network. The result will be an increased capacity to offer worldwide solutions for broadcasters coming to and from Asia.
GlobeCast Asia CEO, David Justin, said: The addition of PCM to the Group
will serve to dramatically increase the growth that GlobeCast has already
been seeing in Asia for the past few years. PCM comes to us with a strong
reputation and invaluable expertise, not to mention a service offering and
culture that is very compatible with our own.
Guenter Kring, PCM CEO added: PCM is delighted to join the GlobeCast
Group. We see a huge potential for developing new and beneficial services
for our combined client base, while continuing to offer the same high-quality of service that our respective customers have come to expect.
This 100% acquisition of PCM, founded in 1999, confirms GlobeCasts
continued commitment to the Asian broadcast market. In the past five years alone, GlobeCast has made significant investment in Asia, adding three new offices (Beijing, Seoul and now Hong Kong) to its portfolio, creating important partnerships to expand facilities and services, and increasing its fibre interconnection and satellite capacity in the region.
Neither the terms of the agreement nor the transaction amount were disclosed.