Harmonic has announced the successful completion of the sale of its Video Business to MediaKind for $145 million in cash. With this transaction, Harmonic becomes a pure-play broadband company, strengthening its focus on broadband access technologies and future growth initiatives.
The move marks an important milestone in Harmonic’s strategic direction, allowing the company to concentrate its investments and innovation efforts on its broadband portfolio, including virtualized broadband solutions for next-generation networks.
At the same time, Harmonic’s Video Business will continue under MediaKind, a leading provider of cloud-based video streaming technologies, ensuring continued support and development for video customers worldwide.
As a long-standing Harmonic partner, Normann Engineering will continue to support customers with Harmonic’s broadband solutions and help operators build high-performance broadband networks for the future.
