Vaddio acquired by Milestone
WORLD: Vaddio has been acquired by Milestone AV Technologies. The manufacturer of PTZ cameras, professional A/V solutions and unified communication and collaboration products was purchased for an undisclosed figure, and joins Milestone’s portfolio of A/V brands, which includes Chief, Da-lite, Sanus and Projecta.
‘Adding Vaddio to our leading portfolio of commercial and consumer A/V brands gives us the opportunity to deliver even greater value to our combined dealer base,’ CEO of Milestone, Scott Gill commented. ‘Vaddio and Milestone share not just a heritage of successful growth in Minnesota – the businesses both focus on making technology work for our customers with an unrivaled combination of installer-focused innovation supported by exceptional service.’
‘The acquisition of Vaddio represents a continued commitment to investing for the long-term behind the innovation and service that have made both companies a key partner to their customers.’ explained J B Pritzker, managing partner of the Pritzker Group, the owner of Milestone.
‘We are very excited to have the Vaddio team join Milestone and continue delivering innovative products to the market,’ Mr Gill added. ‘Vaddio will continue to be based in its current Minnetonka, Minnesota location.’