Digital TV set-top box company TVonics has been bought by Contact Holdings, which owns a number of manufacturing and packaging companies.
Three year old TVonics has built a business supplying digital TV receivers and recorders to the
Stockport-based Contact Holdings said it intends to continue manufacturing and supporting the TVonics range of Freeview receivers and recorders servicing the existing retail customer base.
But there are plans to address the emerging market for high definition TV on terrestrial, satellite and broadband networks across Europe and the UK.
“With the financial strength of the Contact Group behind us, we can now invest in enhancing our existing products and commencing the development of a new generation of High Definition MPEG-4 based Digital TV products,” said Paul Fellows of TVonics.