NEP Group (NEP) has entered into a definitive agreement to acquire Mediatec Group. The transaction will bring one of Europe’s largest outside broadcast and video display solutions providers into NEP’s worldwide network of brands.
NEP is a provider of outsourced solutions to the broadcast and live event industries, offering technical services for outside broadcast, studio production, video display, host broadcasting and post production. Headquartered in the United States, NEP has offices in the UK, Ireland, the Netherlands, Dubai and Australia. With the acquisition, NEP aims to expand its reach across Europe.
“Mediatec is truly a leader in the broadcast and live events industries in Europe, and we are excited to have their entire team join NEP,” said NEP CEO Kevin Rabbitt (pictured).
Headquartered in Sweden, Mediatec is one of Europe’s largest providers of integrated technical solutions for event and television productions. The company offers solutions for outside broadcast, studio production and video display, including a fleet of new OBs, LED trucks, as well as studios and control rooms, post production capabilities, wireless and specialty cameras, and flypacks. Mediatec Broadcast and Mediatec Solutions will continue to operate as separate entities under its current leadership teams. Mediatec Broadcast MD Paul Henriksen and Mediatec Solutions MD Kenneth Paterson will become members of NEP’s senior management team, and will also be invested in the company as shareholders.
“NEP has a reputation for excellence around the globe, and we are excited to become part of their worldwide network,” said Henriksen. “We know that this will provide a fantastic opportunity to work within NEP to continue to grow Mediatec’s presence throughout Europe and develop smart solutions for our clients.”
Paterson added, “This is wonderful news for Mediatec’s employees and clients alike. As part of NEP’s worldwide network, we will be able to offer our clients access to a much deeper pool of resources and technology around the globe – expanding our reach to follow them wherever they go.”