By Stuart Thomson

European regulators have approved the merger of Danish video distribution technology company Triax and Spanish company Klode Media, the former multimedia business unit of technology player Ikusi, which was originally announced in December last year.

The merger came about as a result of a mutual agreement between Triax owner Polaris Private Equity and Klode Media, the former multimedia business unit of Ikusi owner Velatia.

Triax said that the merger will enable the two companies to scale up and stand out in the market, combining complementary offerings, a strong R&D foundation and customer-focused values.

CEO at Triax, Peter Lyhne Uhrenholt said, “I’m delighted the merger has been approved. Together we are stronger – we will advance our position as technological leaders in our field, with increased agility, market footprint, strengthened regional presence and greater relevance to customers.”

Director of Klode Media, Alfredo Juarranz Bueno said, “This is an exciting day for our two companies. As competitors we always had much in common; together now as one, our shared vision is to be our customers’ preferred partner for connected products and online services, standing at the forefront of the fast-growing B2B audio-visual and data solutions market. We will focus relentlessly on being our customers’ preferred partner.”

Uhrenholt will be CEO of the merged company, with Ramón Sotomayor serving as chair. The joint venture legal entity will be registered in Gipuzkoa, Spain and the operational headquarters of the new company will be in Hornsyld, Denmark.