Share in Mexican market grows
LONDON — Britain’s Carlton Communications is expanding its Technicolor video subsidiary with acquisitions in both Canada and Mexico.
Technicolor, the world’s largest video duplicator, is picking up Toronto-based VTR Video, one of Canada’s major video outfits, for $12 million. The acquisition adds Universal to Technicolor’s Canadian clients.
More Central de Video
In Mexico, the company is buying the 50% of Central de Video it does not already own from Grupo Video Visa for $7 million. Technicolor entered the Mexican market nine months ago with its initial stake in Central.
Technicolor now has operations in eight countries. It is believed to be planning to enter the southeast Asian and Eastern European markets.