Vitec Group acquires Quasar Science
- Details
“This acquisition is in line with Vitec’s strategy to drive growth by increasing our addressable markets and expanding our higher technology capabilities”. Said Vitec Group CEO, Stephen Bird, “Having the well-respected Quasar team within our portfolio, with their flair for new product development, on-set experience, and industry networks, will enhance our position as a leading player in the growing LED lighting for broadcast and cine market.”
Quasar Science products are used in professional large-scale film and television production as well as small scale new media markets. Popular with professional cinematographers, videographers and photographers, the brand has grown rapidly due to affordability, superior quality and design as well as renowned customer support.
“Quasar Science products are highly complementary to our Litepanels brand,” said Nicola Dal Toso, chief executive, Vitec Production Solutions. “There are growth opportunities to sell Quasar Science products through our global sales and distribution network, and to utilise their expertise and network to grow our Litepanels business in the cine market. Quasar Science will also benefit from Vitec’s marketing, manufacturing, and supply chain capabilities.”
Established in 2012 by four partners with extensive experience as studio lighting technicians, Quasar Science is based in Los Angeles, California, where the majority of its 18 employees are based. Co-founders Steven Strong, Evans Brown, Jay Yowler and Ray Gonzales will remain with the company and continue to lead the team post-acquisition.
“As working professionals in cinematography, our intimate knowledge of filmmaking and content creation has enabled us to build Quasar Science into one of the industry’s most innovative brands,” said Quasar Science CEO Steve Strong. “We've developed a range of versatile lighting solutions that are not only popular with lighting professionals, but with artists of all kinds.
“Joining the Vitec Group, with its renowned expertise in products for imaging and global markets, will elevate Quasar Science to a higher level of performance and introduce our technology to a wider audience.”
