Nagra has divested its SmarDTV business. The firm announced during the first quarter of 2018 that it was looking for a buyer; in Neotion – the French conditional access vendor – Nagra has found one. Neotion will acquire SmarDTV’s conditional access module (CAM) and pay TV set-top box assets, while Nagra will retain SmarDTV’s plants in the UK and France, as well as SmarDTV’s entire patent portfolio. The USD 20m transaction hinges upon Nagra’s licensing the SmarDTV patents to Neotion, and to Neotion’s newly created SmarDTV Global affiliate.