Lincoln International's Technology Group Represents Tandberg Television ASA in the Sale of its German subsidiary, Tandberg TV AVS, to Cohu, Inc.
Frankfurt - April 2007 - Lincoln International, a leading mid-market investment bank headquartered in Frankfurt (Germany) and Chicago (Illinois), is proud to represent Tandberg Television ASA (Tandberg) on the sale of its German subsidiary, Tandberg Television AVS (AVS), to Cohu, Inc. (NASDAQ: COHU), a publicly traded semiconductor, defense and security equipment maker. Lincoln International acted as the exclusive financial advisor to Tandberg in this transaction.
Founded in 1986, and based near Frankfurt (Germany), AVS is a leading provider of high-end wireless digital video transmission systems. AVS designs, develops, manufactures and sells digital transmitters, receivers and microwave communications systems with distribution especially in Europe and Australia. Its solutions are used in defense and public safety/law enforcement applications, and live broadcasting especially in HD television.
Fraser Park, CFO, and Warren Hobson, VP Corporate Development at Tandberg TV and responsible for the Project commented: "Without Lincoln's smart thinking, hard work and great care, this deal would not have come to fruition. The highly professional project management as well as Lincolns direct access to international investors were key factors in our successful divestiture.
Within the framework of the Transaction, ongoing business cooperation between Tandberg and AVS and its new shareholder was agreed.
Tandberg Television ASA, listed in Oslo/Norway, is the global leader in digital video compression systems.
About Lincoln International
Lincoln International Group (Lincoln International) specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, Los Angeles, New York, and Paris, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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