Point-of-View Camera Specialists iON and Contour to Merge.
M2 EQUITYBITES-May 14, 2015-Point-of-View Camera Specialists iON and Contour to Merge
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14 May 2015 - US-based point-of-view camera specialists iON Cameras and Contour have agreed in principle to merge the two companies, the companies said.
Terms of the deal were not disclosed.
The combined organisation brings together assets of Contour, a pioneer in the point-of-view camera industry that holds patents and has a strong international brand, with those of iON Cameras, which brings expertise in engineering and manufacturing, a line of wireless and wearable cameras, and North American retail distribution.
iON Cameras CEO and Founder Giovanni Tomaselli will serve as the new company's CEO. Contour's current CEO James Harrisonwill assume the role of president.
The Contour and iON brands will co-exist, and together will offer a full range of connected and wearable cameras. Contour will continue to focus on products for the higher end of the camera market, where it has traditionally been a market leader.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 14, 2015|
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