REG - Videndum PLC - Sale of JOBY brand to VIJIM

VidendumAnnouncement

Wed 07:00

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RNS Number : 7212X  Videndum PLC  03 September 2025

3 September 2025

 

Videndum plc

 

Sale of JOBY brand to VIJIM

 

Videndum plc ("Videndum", the "Company" or the "Group"), the international
provider of premium branded hardware products and software solutions to the
content creation market, announces that it has reached agreement to sell its
consumer orientated JOBY brand to VIJIM, the maker of camera and smartphone
accessories.

 

This sale supports the Company's strategy to focus on core professional
markets.

 

Whilst undisclosed, the proceeds of the sale will be used to pay down the
Group's debt. In addition, Videndum will retain inventory which will be
released over time.

 

Contacts

 

Videndum plc - 020 8332 4600

 

Georgina Kreysa, Group Communications Manager

Stephen Harris, Executive Chairman

 

FTI Consulting - 020 3727 1374

 

Richard Mountain

Ben Fletcher

 

A snapshot of Videndum plc

Videndum is a leading global provider of premium branded hardware products and
software solutions to the growing content creation market.

Videndum's customers include broadcasters, film studios, production and rental
companies, photographers, independent content creators ("ICCs"), professional
musicians and enterprises. Our product portfolio includes camera supports,
video transmission systems and monitors, live streaming solutions, smartphone
accessories, robotic camera systems, prompters, LED lighting, mobile power,
carrying solutions, backgrounds, audio capture, and noise reduction equipment.

We employ around 1,300 people across the world in 9 different countries.
Videndum plc is listed on the London Stock Exchange, ticker: VID.

More information can be found at: https://videndum.com/
(https://videndum.com/)

LEI number: 2138007H5DQ4X8YOCF14

 

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