Euro Media Group (EMG) has announced the acquisition of Global Production, which operates a fleet of three OB trucks equipped with HD and UHD HDR production technology.
This acquisition is said to form part of EMG’s strategy to consolidate its business in the fragmented Italian market, as well as to expand its range of production capacities and services globally.
EMG will leverage the expertise of the current Global Production management team to continue developing the business with the support of the Group.
Patrick van den Berg, co-CEO of EMG, said: “We are excited to welcome Global Production and its very talented and respected team into the EMG. In the continuity of the acquisition of Telegenic in the UK early 2019, this transaction showcases our ability to attract successful companies into the Group as we look to grow our business. It fully supports our international growth strategy, particularly our ambition to consolidate our position in markets with strong potential through both organic growth and acquisitions.”
“We are pleased that Global Production will join EMG,” added Stefano Bianco and Davide Furlan, Global Production’s key shareholders and senior management. “We are now in a good position to continue to expand our business with the support of a leading European player. Global Production had other proposals for aggregation from other international groups, but after careful evaluation of the various business projects the choice was EMG. That’s why we feel strongly motivated and we decided to stay in the company being convinced that both our companies have the people and talent to make this operation a real success.”