Bondo Advisors acted as financial advisor to Agile Content on the acquisition of WeTek, a Portuguese company specializing in the research and development of devices and set-top boxes for DVB and IPTV/OTT solutions.
WeTek, based in Portugal with a presence in the USA, Slovenia, South Korea, and China, develops Android-based systems, providing mobile device management and customized hardware and software solutions to companies worldwide, including pay-TV operators and media distributors.
Agile Content, a Spanish company listed on BME Growth and a provider of video distribution and digital TV solutions with a presence in 24 countries and over 250 video specialists, expands its end-to-end service range with this deal. The addition of WeTek’s products enables personalized viewing experiences — both linear and on-demand — across multiple devices, while opening doors to diversification in segments such as the hospitality industry.
This cross-border deal between Spain and Portugal is part of Agile Content’s inorganic growth strategy, which previously saw the acquisition of Sweden’s Edgeware and Germany’s Fon, building a benchmark European group in the video and television technology industry with end-to-end capabilities.
Bondo Advisors demonstrates its expertise advising on transactions in the video and television technology sector, accompanying Agile Content in its European consolidation process.
Press release link: https://www.panoramaaudiovisual.com/2021/07/06/agile-content-adquiere-wetek/
About Bondo Advisors: Bondo Advisors is a financial advisory boutique specializing in mergers and acquisitions (M&A), focused on the sale of B2B, B2C, technology, software, SaaS, AI, digital marketing, and digital businesses. The firm advises founders, entrepreneurs, and shareholders on company sale processes, integrations, and strategic growth, with a particular focus on sell-side engagements.