MUMBAI: Television production company ITV Studios has acquired Israeli formats specialist Armoza Formats. Under the acquisition deal, ITV Studios has taken full ownership of Armoza.

Armoza will become part of ITV Studios’ global creative network, headed by Mike Beale. However, financial details of the transaction have not been disclosed.

The television developers and distributor Armoza’s catalogue contains more than 100 formats  including primetime singing show The Four and gameshow Still Standing, as well as primetime studio entertainment format I Can Do That!.

“Armoza Formats has rapidly grown to be one of the top independent creators and distributors of global entertainment hits. This is a unique opportunity to work with Avi and his team and combine his expertise with ITV’s presence and reach to undoubtedly create many more hits of the future,” ITV Studios International president Maria Kyriacou said.

“Armoza always strives to be at the forefront of creativity and stay ahead of the challenges in our industry, and we are therefore thrilled to be joining ITV Studios. We both share the same values and passion for success through creativity and strongly believe that ITV Studios are the perfect partner for the next stage of the company’s evolution,” said Amoza founder Avi Armoza.