CSR and Zoran merge

After 28 years as an independent developer of processors for the digital entertainment industry, Zoran Corporation  will become a part of Britain's CSR.
Round-up of today's M&A deals


After 28 years as an independent developer of processors for the digital entertainment industry, Zoran Corporation  will become a part of Britain’s CSR.
Round-up of today’s M&A deals

After 28 years as an independent developer of processors for the digital entertainment industry, Zoran Corporation  will become a part of Britain’s CSR. Zoran will be delisted, while CSR will become dual-listed on the London Stock Exchange and Nasdaq.

CSR and Zoran will merge to create a global business specialising in wireless connectivity, location-aware, imaging, video, and audio products.

Zoran founder and CEO Dr. Levy Gerzberg will become a director of CSR following the merger. Zoran develops processors for digital entertainment solutions, digital cameras, and printers. CSR supplies services for wireless communications.

CSR’s headquarters will remain in the UK, and it will have 3,000 employees worldwide.

Joep van Beurden, CEO of CSR, comments: ‘The merger with Zoran is a further important step in CSR’s strategic development. We are excited about the innovative new opportunities open to the combined company in the growing area of wireless connectivity, location-aware products, imaging and video, and audio technology.’

Levy Gerzberg, co-founder CEO of Zoran, says that the merged company could enter new markets by combining CSR communications solutions with Zoran’s products.

‘Bringing CSR and Zoran together will enable us to create new and compelling propositions for our customers as we deliver highly integrated platforms with leading capabilities. Zoran is the clear market leader in digital cameras, printers and the US DTV space.

‘We expect the merger will enable CSR to integrate its connectivity solutions across all our product platforms and allow us to tackle multiple new markets, such as automotive infotainment, gaming and others.’

Financial details of the deal were not disclosed.

Round-up of today’s M&A deals

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Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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