DENVER, June 7, 2016 /PRNewswire/ -- Panasonic Enterprise Solutions Company, a leader in implementing advanced technology solutions serving sports, entertainment and retail industries, announced today that it has completed the acquisition of the audio-video installation business of audio technology specialist Pro Media, for an undisclosed amount.
The acquisition of Pro Media, based in Martinez, California, is an integral part of Panasonic Enterprise Solutions Company's strategy to further strengthen its capacity to act as a master integrator and contractor for audio and video solutions in stadiums, arenas, and other live entertainment venues. The audio, audio-visual and broadcast cable design, engineering and integration experience complements the company's existing live events business platform and benefits the company to scale and expand its in-house audio capabilities and expertise.
"This acquisition is the third for the Enterprise Solutions team in the last year; allowing Panasonic to further improve operational efficiencies, while also enabling us to better serve our customers with professional-grade, large-scale audio solutions," said Don Szczepaniak, Executive Vice President, Sensory Solutions, Panasonic Enterprise Solutions Company. "Now, with the enhanced audio solutions that Pro Media brings to the complete package, we expect even greater growth ahead."
Pro Media focuses on bringing the right technology solutions to the customer for their specific environment to enhance the audience experience. The company is well-known for its work in major league sports with premier installations at Dodger Stadium, AT&T Stadium (Dallas Cowboys), Lambeau Field (Green Bay Packers), MetLife Stadium (New York Jets and New York Giants), and American Airlines Center (Dallas Mavericks and Dallas Stars).
Together Panasonic Enterprise Solutions Company and Pro Media are a winning combination offering customers an expanded portfolio of products and services for a truly comprehensive and integrated solution.
As part of the acquisition, the management and core team members of Pro Media will co-locate and collaborate with the Sensory Solutions business area of Panasonic Enterprise Solutions Company in Denver, Colorado and Dallas, Texas.
About Panasonic Corporation of North America
Panasonic Corporation of North America provides a broad line of digital and other electronics products and solutions for consumer, business and industrial use. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation and the hub of Panasonic's U.S. branding, marketing, sales, service and R&D operations. In Interbrand's 2014 annual "Best Global Green Brands" report, Panasonic ranked number five overall and the top electronics brand in the report. As part of continuing sustainability efforts, Panasonic Corporation of North America relocated its headquarters to a new facility, adjacent to Newark Penn Station in Newark, NJ. It is the first newly constructed office tower in Newark to earn both LEED Platinum and Gold certifications from the U.S. Green Building Council. Learn more about Panasonic at us.panasonic.com/news.
About Panasonic Enterprise Solutions Company / Sensory Solutions
Panasonic Enterprise Solutions Company, a division of Panasonic Corporation of North America, designs, installs and services large-scale audio-visual technology solutions for the enterprise market. Panasonic Enterprise Solutions serves customers across a wide range of industries with customized applications using cutting-edge technologies, experience in managing large-scale, complex corporate projects and dedicated onsite support services. The Sensory Solutions team is a recognized industry leader in high-end digital display solutions that create unique fan experiences, installing and networking some of the largest high-definition LED video boards in the world at many famous sports and entertainment venues, including Texas Motor Speedway, Churchill Downs, Ohio State University, LA Live, Indianapolis Motor Speedway, Nasdaq Market Site Tower, and Lincoln Financial Field, home to the Philadelphia Eagles of the National Football League.
Learn more about Panasonic at us.panasonic.com/news.
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SOURCE Panasonic Corporation of North America