Stockholm-based manufacturer of color grading, scanning and restoration systems, Digital Vision has been acquired by its management team consisting of Kelvin Bolah, Greg Holland and Claes Westerlund. The acquisition from Swedish company Image Systems, for 6.1 Million SEK, will preserve the heritage of the 26-year-old company and provide significant funding for future investment in R&D.
Bolah will become CEO, while Holland will take the role of worldwide vice president of sales and Westerlund will become worldwide vice president of operations. The entire Digital Vision team will remain with the new company, as will all of the company’s offices in London, Los Angeles, Melbourne, New York and Sweden.
“Digital Vision’s staff, customers and partners were of the utmost importance in this acquisition and our main reason for the management buy-out,” said Bolah. “Having worked with them for many years and seeing their passion, expertise and the amazing projects they produce, we knew we had to keep the Digital Vision brand alive. With the investment that the company now has we will be able to accelerate the R&D and engineering to deliver our products in a timely fashion to a global customer base.”