U.K. film facilities company Pinewood Shepperton said April 1 that it has acquired Teddington Studios and the share capital of the Studio Broadcasting Co. in a deal valued at £2.7 million ($5.1 mill

LONDON (The Hollywood Reporter) -- U.K. film facilities company Pinewood Shepperton said April 1 that it has acquired Teddington Studios and the share capital of the Studio Broadcasting Co. in a deal valued at £2.7 million ($5.1 million).

Teddington Studios, best known as the facility for Thames Television, recently hosted shoots including British comedy hit series "The Office," "My Hero" and "Harry Hill."

SBC, which has not traded to date but owns operational assets at Teddington Studios, will provide channel-hosting services to several satellite and cable channels within the studios of Teddington.

Pinewood Shepperton has acquired the assets, staff and name of Teddington Studios, and assumed the lease of the Teddington Studios site and certain liabilities for a total cost of £2.6 million ($4.9 million). SBC, meanwhile, has been acquired separately for a cost of £100,000 ($188,000).

The acquisitions include fixed assets of £1.8 million ($3.4 million), of which £1.2 million ($2.3 million) is subject to finance leases.

Pinewood Shepperton chief executive Ivan Dunleavy said in a market statement that the move was in line with the company's long-term strategy to diversify revenue streams in its media businesses.