M&A Deal Summary

Avid Acquires Wolftech

On October 7, 2024, Avid acquired media company Wolftech

Acquisition Highlights
  • This is Avid’s 3rd transaction in the Media sector.
  • This is Avid’s 1st transaction in Norway.

M&A Deal Summary
Date 2024-10-07
Target Wolftech
Sector Media
Buyer(s) Avid
Deal Type Add-on Acquisition

Target

Wolftech

Bergen, Norway
Wolftech provides story-centric workflow management solutions to broadcasters worldwide, enhancing collaboration and efficiency in newsgathering & story creation. The company's collaborative planning modules focus on streamlining news, sports & entertainment productions. Wolftech is based in Bergen, Norway.

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Buyer(S) 1

Buyer

Avid

Burlington, Massachusetts, United States
Category Company
Founded 1987
Sector Software
Employees1,485
Revenue 417M USD (2022)
DESCRIPTION

Avid is a provider of audio and video technology for media organizations and independent professionals. Company customers use Avid solutions to create, distribute, and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts, and news broadcasts. Avid was founded in 1987 and is based in Burlington, Massachusetts.

DEAL STATS #
Overall 19 of 19
Sector (Media) 3 of 3
Type (Add-on Acquisition) 17 of 17
Country (Norway) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 Orad Hi Tec Systems

Kfar Saba, Israel

Orad Hi-Tec Systems is a provider of real-time 3D broadcast graphics solutions. Real-time video processing and pattern recognition algorithms, powerful hardware engines, sophisticated sensor technologies and innovative application generators are currently being used to deliver unique tools that make TV, sports and advertising more exciting, effective, compelling and riveting. Orad’s solutions are used in news, channel branding, sports productions, elections and special events broadcasting, virtual studios, and virtual advertisements. Its solutions streamline production workflow, enhance viewer experience, and improve production value.

Buy $60M
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