Kudelski sells DVnor Assets to Sweden’s Pixlo

TV technology outfit and owners of the Nagra brand, Kudelski Group, has revealed it has sold its DVnor assets and related media ingestion and asset management services business to Sweden-based Pixlo.

Kudelski acquired Norway-based media asset management outfit Digital Video Norge (DVnor) in 2017. In 2022 the company reported a decline in digital TV revenue by by 8.9% at constant currency year-on-year.

The four main business divisions of the Group cover end-to-end convergent media solutions to the digital entertainment industry, cybersecurity services for enterprise and government bodies, public access solutions and end-to-end IoT design solutions and full-lifecycle services.

“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.