SES sells MX1 UK to Visual Data Media Services | Major Businesses | Business
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Global content owner and distributor-focused digital supply chain services firm Visual Data Media Services (VDMS) has acquired the British subsidiary of SES-owned services provider MX1.

MX1 logo 4Nov2019Located in London, MX1 UK Limited provides content preparation services and has a client base comprising major studios, TV and film distributors, broadcasters and streaming platforms.

With the sale, for which financial terms have not yet been disclosed and which was finalised on 1 November, SES said that it will be continuing to focus on its core business of hybrid content distribution, end-to-end content management and content monetisation services. The satellite operator stressed that despite the sale it remained ‘firmly committed’ to the development of its core service business in the UK market and worldwide. All existing MX1 UK contracts with current customers will remain unaffected.

VDMS plans to make substantial investment in 4K, HDR and IMF mastering at the company’s 10,000sqft site in North Acton as part of its mission to pursue a best of the best approach with technology and systems. It sees the purchase as complementing Visual Data’s existing client base in Europe and North America.

“We are active consolidators in the global media services and content preparation market. This transaction continues our current UK expansion program, and we were particularly attracted to the talented operational and management teams at MX1 UK Limited,” commented Visual Data Media Services managing director Symon Roue.

“This acquisition continues our growth in the media services, localisation and content preparation market. It is an amazing time to be in the content preparation industry with the flight to quality content driven by the US and European streamers.”