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Thomson Grass Valley
Grass Valley (formerly known as Thomson Grass Valley and Grass Valley Group) is a manufacturer of television production and broadcasting equipment. Headquartered in Montreal, Quebec, it was formed by the March 2014 merger of the original Grass Valley with Miranda Technologies, which were both acquired by American networking company Belden in 2014 and 2012, respectively. In February 2018 owners Belden merged Grass Valley with new acquisition Snell Advanced Media (formerly known as Quantel Ltd, Snell, Snell & Wilcox, Snell Limited, SAM, and Snell Group). On July 2, 2020, Grass Valley announced the completion of its acquisition by private equity firm, Black Dragon Capital, from Belden Inc. History Grass Valley Group was founded as a research and development company in 1959 by Dr. Donald Hare in Grass Valley, California, in the foothills of California's Sierra Nevada range. Hare chose Grass Valley after learning about it from his friend, Charles Litton Sr. In 1964, Grass Vall ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Tektronix
Tektronix, Inc., historically widely known as Tek, is an American company best known for manufacturing test and measurement devices such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment. Originally an independent company, it is now a subsidiary of Fortive, a spinoff from Danaher Corporation. Several charities are, or were, associated with Tektronix, including the Tektronix Foundation and the M.J. Murdock Charitable Trust in Vancouver, Washington. History 1946–1954 The company traces its roots to the electronics revolution that immediately followed World War II. It was founded in December 1945 as Tekrad. The name was similar to that of a California company, Techrad, so in 1946, the four partners, Howard Vollum, Jack Murdock and Miles Tippery, who had both served in the Coast Guard, and accountant Glenn McDowell, formed Tektronix, Inc. Each contributed an initial $2,600 for equal shares. Howard Vollum had graduated in 1936 from Reed Coll ...
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1959 Establishments In Quebec
Events January * January 1 - Cuba: Fulgencio Batista flees Havana when the forces of Fidel Castro advance. * January 2 - Lunar probe Luna 1 was the first man-made object to attain escape velocity from Earth. It reached the vicinity of Earth's Moon, and was also the first spacecraft to be placed in heliocentric orbit. * January 3 ** The three southernmost atolls of the Maldive archipelago (Addu Atoll, Huvadhu Atoll and Fuvahmulah island) United Suvadive Republic, declare independence. ** Alaska is admitted as the 49th U.S. state. * January 4 ** In Cuba, rebel troops led by Che Guevara and Camilo Cienfuegos enter the city of Havana. ** Léopoldville riots: At least 49 people are killed during clashes between the police and participants of a meeting of the ABAKO Party in Kinshasa, Léopoldville in the Belgian Congo. * January 6 ** Fidel Castro arrives in Havana. ** The International Maritime Organization is inaugurated. * January 7 – The United States recognizes the new Cu ...
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