05:21 PM EST, 01/23/2025 (MT Newswires) -- Lumine Group ( LMGIF ) after trade Thursday said it agreed to acquire the Vidispine brand and business from Arvato Systems, a subsidiary of Bertelsmann.

The deal will be carried out via one of Lumine's subsidiaries, the company said, adding that this will be Lumine's first acquisition in Germany.

The company said Vidispine "helps companies streamline their sales and core operations by offering Broadcast management solutions for Media Asset Management".

Interim Chief Executive Tony Garcia said that Lumine will be welcoming Vidispine's customers as well as employees to its media monetization portfolio.

The financial details of the acquisition were not disclosed.

Lunine shares closed unchanged at $39.00 on the TSX Venture Exchange.