Newtec Acquires TurboConcept
Newtec has acquired 100 percent of the shares in the French company TurboConcept, a provider of IP Cores used in satellite and wireless communications.
Based in Brest, the company specializes in the development of IP cores for the implementation of Forward Error Correction codes such as Turbo and LDPC codes. The cores are integrated into the receiver chips of many satellite receivers, wireless modems and mobile handsets.
Both companies are leading European technology references in the satellite communication industry and the acquisition is a logical move towards building on and utilizing the complementary abilities and strengths of both companies.
Serge Van Herck, CEO of Newtec, commented, “TurboConcept develops core technology that we integrate in our DVB-S2 based products. We share similar core values as we have the same passion for shaping the future of satellite communications. With TurboConcept as a subsidiary, we want to further increase the satellite bandwidth efficiency of our TV, HDTV and IP broadband products. Eventually this will enable our customers to further reduce their operational satellite transmission costs.”
From TurboConcept’s perspective, the company’s CEO, Nathalie Brengarth, stated, “Newtec and TurboConcept have a track record of successful cooperation over several years. Being part of Newtec will allow us to strengthen our respective product leading position in the DVB-S2 market, while continuing to serve our other customers with the same passion and dedication.”