ANAHEIM, CA--Extron Electronics today announced that it has purchased the Products Engineering and Development Division of Electrosonic Group. The Electrosonic Group systems integration and service business is not part of the acquisition and will continue forward as a wholly independent organization.
Electrosonic's Products Division is an innovator in Video and graphics over IP encoders and decoders, HD video players, and multi-image display processors. It has been operating as a standalone division from the systems integration and service business since February 2009. The acquisition includes all current products designed and manufactured by Electrosonic as well as the IP for the underlying technology. Key staff will join Extron to support current customers and continue the development of this innovative group of products.
"I have been extremely impressed with the products technology at Electrosonic and we are excited to have the products engineering group join our team," said Andrew Edwards, president of Extron Electronics. "At Extron we have been in development of a complete line of AV streaming products for over three years and will be announcing additional streaming solutions later this year. We see the Electrosonic products as a great complement to our continually evolving product line."
Jim Bowie, president of Electrosonic Group, added, "Our Products Division has been at the forefront of image processing technology throughout our 45-year history. These current products have developed to the point that we as a systems integrator cannot take them to their full potential--Extron is exactly the right company to take these products forward worldwide. Electrosonic can now concentrate on its main business activity: the design, supply and support of audio-visual systems. Our tremendous growth in these activities over the last decade has made them our primary business. By focusing on our core business, we can continue to grow and improve the service we provide our clients."