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Tuesday, May 28, 2024

Kudelski Group Divests its DVNor Assets

The Kudelski Group (SIX: KUD.S), the world leader in digital security, recently announced that it has sold its DVNor assets and related media ingestion and asset management services business to Sweden-based Pixlo AB.

“The Group continues to focus on its core businesses, and this transaction is part of our ongoing effort to divest non-core assets,” said Morten Solbakken, Executive Vice-President, Chief Operating Officer, DTV at the Kudelski Group.

The divestment of the assets represents a cash transaction for the Group. Other financial terms were not disclosed.

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