PITTSBURGH and HILVERSUM, Netherlands, Aug. 31, 2015 /PRNewswire/ -- NEP Group Inc. ('NEP') announced that it has closed on its acquisition of Consolidated Media Industries ('CMI'). The completion of this transaction officially brings the CMI companies, including the DutchView and Infostrada Creative Technology businesses into NEP's Worldwide Network, expanding the company's reach in Northern Europe.
NEP is the global industry-leading provider of outsourced solutions for the broadcast and live event industries. They provide technology and engineering expertise for remote production, studio production, host broadcasting, post-production and video display with operations across the Americas, Europe and Australia.
With the acquisition of CMI, NEP greatly expands their existing remote production, studio production and post-production solutions, and adds an innovative content management, distribution and Video-on-Demand solution to their worldwide network. The addition of CMI raises NEP's total facilities and support network to include over 120 high-definition (HD) mobile units; HD flypacks, satellite uplink trucks; smaller camera systems and other audio visual packages; specialty and wireless cameras; post-production facilities in Dublin, Oslo, Helsinki, Zurich, Munich, Leuven (Rotselaar) and Hilversum; content management and archive facilities in Hilversum; studio facilities in Los Angeles, New York, Connecticut, London, Sydney, Melbourne, Oslo, Helsinki, Brussels (Londerzeel), Amsterdam and Hilversum; thousands of plasma, LED, and projection video display solutions; a fleet of mobile LED trucks across North America and Europe; as well as an industry-leading team of engineers and technical experts.
"We are thrilled to add DutchView and Infostrada Creative Technology to the NEP Worldwide Network," says NEP CEO Kevin Rabbitt. "They are industry leaders with a reputation for excellence throughout Europe, and I am excited to work with them to continue to expand their business. They have created truly innovative solutions for content management and Video-on-Demand services which will provide exciting opportunities as our industry continues to change."
The CMI brands, DutchView and Infostrada Creative Technology, will continue to operate independently under their current management teams based in Hilversum in the Netherlands.
"We are proud that CMI has become part of the NEP Worldwide Network," said Michiel van Duijvendijk, CMI CEO. "NEP and CMI hold the same core values and dedicated focus on providing superior service to our clients. Additionally, as part of the NEP Worldwide Network, we know we will have the opportunity to achieve all our international growth plans, and continue to innovate and transform the way video is created, managed and distributed in Europe. Being part of NEP offers a lot of benefits for our business, and brings us the scale that has become growingly critical to cope with the rapid changes in our industry."
Stella Capital Advisors provided investment banking advisory services to NEP, with Jones Day serving as NEP's legal advisors. Macquarie Capital acted as sole financial advisor to CMI, with Allen & Overy as CMI's legal advisors. Financial terms were not disclosed.
NEP provides the technology and know-how to enable clients to produce the worlds' biggest live and broadcast events around the globe. The company is the leading worldwide provider of outsourced production solutions offering technical services for remote production, studio production, video display, host broadcasting and post production. NEP's team of over 1,500 employees are driven by passion and a focus on technical innovation, and together they have supported productions in over 65 countries on all seven continents. Headquartered in the United States, NEP has offices in the United Kingdom, Ireland, the Netherlands, Sweden, Norway, Denmark, Germany, Finland, Switzerland, Belgium, the United Arab Emirates and Australia.
Consolidated Media Industries (CMI) is a leading European media technology firm that provides innovative services and solutions for broadcast and digital media. CMI is an expert service provider to the international media industry for the capturing, management, contribution, distribution and monetization of digital media. The company offers an end-to-end production workflow to broadcasters, TV production companies, and rights holders. In addition, CMI delivers services/solutions to the corporate and governmental market.
SOURCE NEP Group Inc.