** INTERNATIONAL VACUUM. WRN HAS BEEN ABSORBED BY BABCOCK
You have
reached the cached page for http://www.wrnbroadcast.com/?start=60
Below is a
snapshot of the Web page as it appeared on 3/25/2015:
``Latest News ---
On 9 February, WRN Broadcast (WRNB) was acquired by Babcock International Group
plc. Babcock is a FTSE 100 company and the UK's leading engineering support
services organisation.``
That wrnbroadcast page no longer exists, and
nothing further can be found there, not the complete article it originally
linked to.
However, further searching finds this about it:
Sale of
WRN Broadcast to Babcock International
Group
https://www.linkedin.com/pulse/sale-wrn-broadcast-babcock-international-group-nicola-horton
http://www.kingstonsmithw1.co.uk/media-and-resources/kingston-smith-w1-corporate-finance-gets-off-to-a-flying-start-in-2015/
Kingston
Smith W1 Corporate Finance has advised on the sale of global media management
and distribution provider, WRN Broadcast Limited, to Babcock International Group
plc.
Headquartered in London, WRNB offers innovative broadcast solutions
that deliver television and radio content to any platform or device anywhere
around the world. WRNB will join Babcock’s Media Services business. The
acquisition strengthens Babcock’s service offering to customers, and the wider
market, by combining the two companies’ engineering and operations expertise and
extending Babcock’s range of services and broadcast solutions.
Kingston
Smith W1 Corporate Finance acted as lead financial and tax advisor to the
shareholders of WRNB and provided transaction and support services to the WRNB
executive management team.
Commenting on the transaction, Tim Ashburner,
WRNB’s former Chairman, said: "We have been working closely with Babcock for
many years since the days of the original BBC Control Room. Babcock’s size and
diversity and WRNB’s innovation and knowledge will provide a formidable product
offering and service to the industry. We are delighted to have made this
happen."
Tim then went on to say: "When the process of selling the
business began, Kingston Smith’s attention to detail and personal guidance to
the shareholders made the process understandable and as painless as possible. We
doubt that without their help we would have come through relatively unscathed."
(via Glenn Hauser, May 2, DX LISTENING DIGEST)
