SMK-Link Acquires Assets of Movea’s Gyration Business Unit.
“We are quite excited about the prospects of the acquisition” said Paul Evans President of SMK-Link. “The acquisition of the Gyration business and the licensing agreement with Movea allows SMK-Link, to expand our presence in the Branded Products Market, in both the US and Europe in particular, add the Gyration brand power and innovative Movea Technology to SMK-Link's expanding portfolio of products and technologies, taking advantage of significant synergies between the SMK-Link and Gyration Businesses, and expand the business cooperation between SMK and Movea on this and other new technologies.”
“This is really a win-win situation for all parties; our Customers, Gyration, SMK-Link, and Movea,” said Sam Guilaumé, CEO of Movea. “Gyration has been extremely important to Movea by providing market validation and awareness for our motion sensing technologies but it’s time to take our MotionIC strategy to the next level and this deal allows us to focus on our core mission. At the same time, Gyration benefits from increased investment into its product roadmap and SMK-Link benefits from an expanded portfolio of complimentary, premium products.”
Movea is committed to the success of the Gyration product line and the company will continue to support Gyration products through its licensing agreements with SMK-Link. Working with its new partner SMK-Link, Movea will ensure a seamless transition for Gyration customers.
“Movea’s existing partnership with SMK’s OEM remote business, announced in September 2010, helped to highlight the potential synergies of working more closely together,” said Bryan Hoadley, EVP of worldwide sales and General Manager of Movea Inc. “We believe all parties, especially Gyration customers, will benefit from this new business relationship.”
The acquisition will include the Gyration customer portfolio, brands, trademarks, product designs, and inventory. Movea will retain all intellectual property on patents, licenses and Motion technology and Motion Tools software.
For more information, visit SMK-Link at www.smklink.com or Movea at www.movea.com.
About SMK-Link and SMK Corporation
SMK-Link, headquartered in
SMK’s global leadership in the design, development and manufacture of remote control solutions uniquely positions the company to help its customers develop innovative digital media applications and advanced digital television services.
SMK Corporation is headquartered in
About Movea
Movea is a leading provider of motion processing chips, software, firmware, and IP for the Consumer Electronics industry. Movea's unique motion processing capabilities enable customers and partners to quickly add motion intelligence to their products, meaning reduced risk, cost, and Time-to-Market for delivering compelling new motion-based features that creates more end-user value. Movea has a global reach with headquarters in
SmartMotion, MotionIC and MotionTools are registered trademarks of Movea, SA. All other trademarks are the property of their respective owners.
Contact: John Blair for SMK-Link
805.987.6662
Contact: Mark Karayan for Movea
415.397.7600
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