Kudelski acquires digital television specialist

The Vaud-based Kudelski Group is investing in digital television. It is acquiring the Digital Television Solutions (DTVS) division from SCM Microsystems for 11 million dollars. DTVS is a global leader in the digital TV access systems business, Kudelski announced. The takeover should be completed in 30 to 45 days. According to SDA, DTVS employs around 40 people. Kudelski intends to use DTVS's technologies to enable its customers to quickly bring solutions for the entire spectrum of pay-TV to the market. According to the communiqué, the French-speaking Swiss group is planning to create a new division focusing on secure pay-TV modules for digital television.
Last year, the TV encryption specialist Kudelski achieved a turnover of CHF 697.2 million thanks to its digital TV business, according to SDA. However, net profit fell to 86.7 million francs due to the new IFRS accounting standard.