Both Sencore and Wegener have announced that they have entered into a “non-binding letter of intent regarding a possible acquisition of Wegener by Sencore.”
“I am excited to explore a possible acquisition of Wegener Corporation by Sencore,” said John Suranyi, Sencore’s CEO. “Wegener’s employees, products and markets will be an excellent complement to Sencore’s content delivery business. Combined, we believe that the company will generate substantial synergies and efficiencies in product development, marketing, administration, manufacturing, sales and distribution while delivering superior technology solutions and support to our customers.”
“Sencore is a quality organization that we will be pleased to join,” stated Robert Placek, Wegener’s chairman and CEO. “The combination of Sencore and Wegener Corporation should provide our customers continued access to innovative products and the exceptional support they have come to expect from Wegener. We also believe that Sencore’s global distribution capabilities will lead to a wider market for Wegener’s products.”
Sencore is based in Sioux Falls, S.D. and Wegener is headquartered in Duluth, Ga.
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