Grass Valley’s parent company Belden Inc has announced that it is to sell the media technology business and will now concentrate on the other sectors it operates in that include industrial automation, cybersecurity, broadband & 5G, and smart buildings.
Grass Valley has immediately responded that the move is a “positive” one for Grass Valley, its employees and customers, stressing that Grass Valley is a profitable operation and an attractive investment to those interested in the media tech space. Belden has been actively discussing options with interested parties during 2019.
Grass Valley says that it does not expect this announcement to disrupt its current operations and “will continue to focus on meeting the needs of customers, partners and employees.”
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