Hibernia Media, the video transport arm of Hibernia Atlantic, made its second M&A move in two weeks yesterday, announcing a merger with Montreal-based Aldea. They are clearly looking to consolidate part of the industry and gain an inorganic boost toward a larger presence.
Last week, Hibernia Media acquired TeliaSonera’s MediaConnect business, giving it greater European penetration and overall scale. The purchase of Aldea also adds to Hibernia’s reach, bringing with it a Latin American presence extending down into the key growth markets of Mexico, Brazil, Chile, Colombia, and Argentina.
A quick look through Aldea’s announcements over the past twelve months shows their Pan-American reach, with wins powering Fox Sports Latin America’s HD network and bringing Manchester United TV to Mexico.
Penetration to a third continent will give Hibernia Media more tools with which to go up against Vyvx and other global video transport specialists. The question is, does Hibernia have further M&A in mind here? Something in the Asia-Pacific theatre perhaps?
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