Following approval from the UK’s Competition & Markets Authority, Vitec Videocom has completed the acquisition of Autocue, adding the teleprompter producer to its range of brands producing broadcast, film and pro-video products.
“We reached a conditional agreement to acquire Autocue in April and now that the Competition & Markets Authority has cleared the deal, we can move forward with integration,” says Matt Danilowicz, CEO, Vitec Videocom.
Danilowicz confirmed that Autocue customers would be unaffected by the acquisition, which will see Autocue seamlessly integrated into Vitec Videocom’s portfolio. “Our top priority is ensuring that it remains business as usual for all our Autocue and Autoscript customers, while continuing to invest in the business and maintain the high levels of service and product quality,” Danilowicz added. “Richard Satchell, the current CEO of Autocue, will be joining the team at Vitec Videocom and we look forward to him working with us to make this transition.”