ChyronHego Closes ZXY Sport Tracking AS and WeatherOne AS Acquisitions
MElVILLE, N.Y. — Tuesday, July 15, 2014
ChyronHego today announced that the company has finalized the acquisition of Norweigan-based companies ZXY Sport Tracking AS and WeatherOne AS.
ChyronHego has acquired the majority stake in ZXY Sport Tracking AS, along with WeatherOne’s Metacast® weather technology and service offerings. Acquisition plans were announced earlier this year at NAB Show 2014.
“We are very pleased to announce the close of these strategic acquisitions that bring our customers more options for a complete state-of-the-art ChyronHego graphics workflow,” said Johan Apel, chief executive officer at ChyronHego. “The acquisitions will strengthen our position in the sports analysis market across both the sports broadcast and professional sports markets, as well as open a new market segment for us in the weather graphics space that bridges a general gap in news production workflow. We anticipate tremendous growth and opportunity and are excited to welcome ZXY and WeatherOne to the ChyronHego team.”
ZXY’s proprietary technology for transponder-based tracking detects the exact position of all objects within a stadium or training facility in true real-time. Players wear a data chip that transmits positions and other essential data such as heart rates, speeds and the impact from collisions. The system has been used in soccer, American football and ice hockey, and is now being adapted for many other indoor and outdoor sports. This technology expands ChyronHego’s award-winning TRACAB™ player tracking product portfolio. The company is located in Trondheim, Norway.
WeatherOne’s comprehensive Metacast solution serves the broadcast and digital media sectors and includes a high-performance, live-to-air weather graphics and broadcast production system, and a complete weather and climate data managing service. The company is headquartered in Oslo, Norway.