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Tuesday, June 25, 2024

FONN Group Buys Qbics Media for DACH Region Expansion

Norway-headquartered FONN Group has acquired Qbics Media GMBH in a move to strengthen its position in the German-speaking DACH region.

The FONN Group invests in companies that deliver innovative production and journalistic tools for the media and entertainment industry. Its portfolio includes software companies Mjoll, 7Mountains, and everviz, cloud workflows expert Kunnusta, and Mediability, an equipment reseller and systems integrator in the Nordics.

As part of the acquisition, Qbics Media GMBH will be rebranded as FONN Group Dach GMBH, solidifying FONN Group’s commitment to serving customers in Germany, Switzerland, and Austria. The existing Qbics Media team, customer contracts, and intellectual property rights will seamlessly transition to FONN Group Dach GMBH, ensuring continuity to clients.

Under the leadership of Michael Schüller, FONN Group Dach GMBH will play a pivotal role in driving innovation and serving as a hub for FONN Group’s operations in the DACH region. Schüller has been appointed as the Managing Director of FONN Group Dach, and he will work closely with FONN Group’s executive team in Bergen, Norway, Singapore, and New York, USA.

“We are excited to announce the acquisition of Qbics Media, which will significantly strengthen our presence in the German-speaking part of Europe, a crucial market for us,” said Haavard Myklebust, CEO of FONN Group. “This strategic move aligns perfectly with our growth objectives in the DACH region and further enhances our diverse portfolio. We are eager to collaborate closely with the talented Qbics Media team to drive mutual success and deliver exceptional value to our clients.”

“We are delighted to join forces with FONN Group as it provides us with enhanced resources to serve our customers and partners in the DACH region and beyond,” said Michael Schüller, Managing Director of FONN Group Dach. “We firmly believe that our flagship platforms, Mimir and Dina, will become the go-to solutions for broadcasters in the region in the years to come. We are excited about the endless possibilities this collaboration brings.”


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