Israel-based RR Media, a provider of global digital media services to the broadcast industry has recently acquired Eastern Space Systems (ESS) in Romania, a privately held provider of content management and distribution services and related consulting services.
“This acquisition is part of our continued strategy to accelerate growth, create scale and enhance our geographic presence,” CEO of RR Media Avi Cohen said in the statement.
Thus, RR Media will take over the day-to-day operations, providing extensive customer service, engineering, technological expertise and sales support to all existing ESS Romania customers including Eurosport, AXN, Paramount, MTV, VH1 and others. All will be offered extension to their current business with full access to RR Media’s media services platform with the capability to provide a wide range of digital media products.
As a result of this acquisition, RR Media expects to generate approximately USD 7 million of incremental revenue from the central Europe region during 2016. ESS is expected to be accretive to RR Media’s earnings within six months.
The deal provides RR Media with added satellite coverage on Intelsat 1°W, offering one of the fastest-growing platforms for digital media delivery, reaching more than 17 million TV households in Central, Eastern and Nordic Europe, the company said in a statement.