Category Archives: Mergers

Gas Station TV, Verifone Announce Joint Venture

DETROIT — Gas Station TV, the Detroit-based TV programming provider for gasoline pumps, announced a 50-50 joint venture that combines the assets and operations of Verifone’s Pump Media division with GSTV, which is owned by Detroit-based Rockbridge Growth Equity and Falcon Investment Advisors.

The combined business will operate under the GSTV brand and deliver 3.3 billion annual impressions through more than 18,000 locations in all 50 states by year’s end.

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ProQuest Buys Info Services Provider

ANN ARBOR — The Ann Arbor information services provider ProQuest said it had signed an agreement to acquire Coutts Information Services Ltd. from La Vergne, Tenn.-based Ingram Content Group Inc.

Terms were not disclosed.

Coutts provides print and electronic content and other programs and services to more than 5,000 academic and professional libraries in more than 150 nations around the world. Its products include the MyiLibrary and Oasis platforms. Coutts has 170 employees.

The acquisition will give ProQuest the ability to supply not only ebooks but paper books to libraries. ProQuest officials said that means libraries will be able to buy both ebooks and print through a single workflow, saving time and effort.

Ingram will continue to provide print fulfillment to Coutts under ProQuest ownership, preserving fast delivery through Ingram’s print-on-demand service.

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Ann Arbor Tech Firms Merge

ANN ARBOR — Two Ann Arbor software companies, Aysling LLC and Juggernaut LLC, Monday announced a merger.

Aysling, nearing its 10th anniversary, says it is branching out beyond selling and managing Adobe and WoodWing digital publishing software and digital media production services and into a partnership with Juggernaut where Aysling will own, manage, and sell the customer relationship management software that Juggernaut develops.

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API To Become Part Of Virginia Firm, HQ Leaving Ann Arbor

ANN ARBOR — Advanced Photonix Inc., a manufacturer of optical and electronic devices and test and measurement instruments, will become part of Blacksburg, Va.-based Luna Innovations Inc. under a merger agreement announced Monday.

The “merger” will result in API’s headquarters moving to Roanoke, Va., and Luna will be the surviving corporation. Luna CEO My E. Chung will be CEO of the combined company.

There was no immediate word on the fate of API’s Ann Arbor operations or employees.

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