Scientific-Atlanta to Acquire Nexus Engineering Corp

Scientific-Atlanta (NYSE: SFA) today announced an agreement in principle to acquire the businesses of Nexus Engineering Corp. of Vancouver, British of Columbia. The acquisition will establish Scientific-Atlanta's presence in the international SMATV (Satellite Master Antenna Television) market a...

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Bibliographic Details
Published inPR Newswire p. 1
Main Author Meyers, Bob
Format Newsletter
LanguageEnglish
Published New York PR Newswire Association LLC 02.12.1992
Subjects
Acquisitions & mergers
Communications equipment
Electronics industry
South Atlantic
Atlanta
GA
US
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Summary:Scientific-Atlanta (NYSE: SFA) today announced an agreement in principle to acquire the businesses of Nexus Engineering Corp. of Vancouver, British of Columbia. The acquisition will establish Scientific-Atlanta's presence in the international SMATV (Satellite Master Antenna Television) market as well as provide new distribution channels for Scientific-Atlanta's digital video compression products abroad. The terms of the transaction were not disclosed. In making the announcement at the Western Cable Show in Anaheim, California, Scientific-Atlanta CEO William E. Johnson said: "There are many plusses from this acquisition for Scientific-Atlanta. Nexus' reputation for quality and innovation is one of the highest in the industry. Their strong presence in key growth markets abroad, especially Southeast Asia, the Middle East, South America and Canada, compliments Scientific-Atlanta's global strategy in key product areas such as the international SMATV market and digital video compression. The international SMATV market is expected to grow rapidly as US programmers accelerate their moves abroad, especially in developing countries where much of the population is clustered in apartment complexes in urban and rural areas. This transaction also brings important volume and market synergies and a talented management team to Scientific-Atlanta. It will benefit our customers and shareholders." (excerpt)