On the ball: Sony pounces on Hawk Eye wizardry
Sony has bought Hawk-Eye, the company that produces the ball-tracking technology used in tennis and Test cricket.
The Japanese electronics and entertainment giant has acquired Winchester-based Hawk-Eye Innovations from Mark Getty, son of the late cricket-loving tycoon Sir Paul Getty. The deal values the business at £15m-£20m.
Hawk-Eye was founded by its managing director Paul Hawkins. The technology, developed in 1999, helps cricket and tennis umpires review instantly the path of a ball.
Cavendish, the corporate finance firm, was hired to find a buyer six months ago.
The sale of Hawk-Eye, which could be asked to test goal-line technology for football, is the third cricket-related deal for Getty. He previously sold Wisden, the cricketers’ bible, and Cricinfo, an online database.
Sony will this week announce