NEP Group Acquires HDR, Expanding Its Broadcast and Media Solutions Capabilities in Europe and Worldwide
PITTSBURGH, Pa. USA, June 25, 2019 (GLOBE NEWSWIRE) --
NEP Group, the leading worldwide outsourced technical production partner supporting premier content producers of live sports and entertainment, announced that it has signed a definitive agreement to purchase HDR Group, a full-service production partner headquartered in Stockholm, Sweden. The agreement became effective on June 17, 2019, and the deal is expected to close in early Q3 or Q4 of this year, conditional upon the approval of the Swedish Competition Authority. Prior to closing, NEP and HDR will continue to operate as separate and independent companies.
HDR was founded in 2007 and today employs more than 100 employees who support clients in the live sports, entertainment and broadcast markets in Sweden, Norway, Denmark and Finland. The addition of HDR is consistent with NEP’s stated strategy to become the world leader in Broadcast Services and Media Solutions and increases NEP’s ability to serve its clients in the Nordic region and worldwide. The acquisition provides NEP’s European divisions growth opportunities through the addition of HDR’s broadcast centers and extensive studio footprint in the region, as well as opportunities in the reality and unscripted live TV market.
The addition of HDR provides both companies’ clients with access to an even more robust set of outsourced, end-to-end solutions supported by a deeper pool of skilled engineers and technicians.
“This acquisition will be great for our clients in Europe and globally,” said Mike Werteen, Global President, NEP Broadcast Services. “Adding HDR’s resources to NEP’s gives us the ability to offer the ‘best of the best’ in innovative technical solutions, talent and resources, led by strong local management teams.”
“This is a great cultural fit,” added Paul Henriksen, President of NEP Europe. “Our organizations share similar values and are founded on service-oriented cultures that are centred on delivering exceptional results through innovative solutions. We have a great deal of respect for HDR’s work and their team.”
“I’m proud of what we’ve accomplished in only a little more than a decade,” said Mats Dahlström, CEO of HDR. “We’re excited about joining the NEP Worldwide Network as the next step in our evolution. Being a part of a high-quality organization will be a tremendous benefit to our staff and our clients.”
After a brief transition period following closing, HDR will become part of NEP and will go to market as NEP.
Terms of the deal were not disclosed.
To learn more about NEP’s full range of broadcast, live event and media solutions, visit www.nepgroup.com. Visit www.hdresources.se to learn more about HDR.
# # #
For over 30 years, NEP has been a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. Our services include remote production, specialty capture, RF and wireless video/audio, studio production, audio visual solutions, host broadcast support, post production, connectivity and transmission, premium playout and innovative software-based media management solutions. NEP’s 4,000+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in 87 countries on all seven continents.
NEP is headquartered in the United States and has operations in 24 countries. Learn more at nepgroup.com.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
GAM Holding AG: Invitation to Half-year 2019 Results18.7.2019 17:01:00 CEST | Press release
Online version Presentation for media, analysts and investors Tuesday, 30 July 2019 | From 8:30 (CEST) | Zurich Dear Sir/Madam, We cordially invite you to join the presentation of GAM’s half-year 2019 results which will be held via webcast exclusively and which will take place as follows: Programme Date: Tuesday, 30 July 2019 Time: 8:30am CEST (7:30am GMT, 2:30am EST) Web location: www.gam.com The results will be presented via webcast by Group CEO David Jacob and Group CFO Richard McNamara. To join the online presentation, please complete the registration form. The webcast link will be made available on www.gam.com. Please note that there will be no facility to ask questions via the webcast but only via telephone dial-in. You will need to log in and register prior to the event. Detailed information on the half-year 2019 results of GAM Holding AG will be available on www.gam.com from 7:00am CEST on Tuesday, 30 July 2019. To listen in to the presentation by telephone: UK Free Phone 0800
Banks net position in the Riksbank18.7.2019 16:44:00 CEST | Press release
JUL 18, 2019 SEK MILLION LENDING BORROWING 249
Hiab secures its biggest ever commercial order18.7.2019 13:30:00 CEST | Press release
CARGOTEC CORPORATION, PRESS RELEASE, 18 JULY 2019 AT 2:30 PM EEST Hiab, part of Cargotec, has signed a record-breaking agreement to supply MOFFETT M8 55.4 NX truck mounted forklifts with five year ProCare Essential service contracts and equipped with HiConnect for each unit, with one of the largest home improvement chains in the USA. The total order value is over EUR 60 million. In the second quarter, EUR 31 million was booked in the order entry with EUR 29 million booked for the third quarter. This is Hiab’s largest ever commercial deal and ProCare contract agreement, as well as the biggest single order for the Truck Mounted Forklift Business Line. Deliveries are expected to start in the third quarter 2019 and continue until May 2020. When complete, the customer will have updated a significant portion of their fleet with new connected equipment. This will enable them to collect data from a substantial part of the fleet to improve productivity, safety and get service alerts based on ac
Sweden to issue green bonds by 202018.7.2019 13:10:00 CEST | Press release
The Swedish National Debt Office was tasked today by the Government with carrying out an issue of green bonds in 2020 at the latest. The first step will be to set up a framework for the green bonds, which will fund budget expenditure on sustainable investments and projects. "We are fully committed to implementing this assignment in an effective and transparent way. The effects of the climate and environmental measures that are funded by the State’s green bonds should be easy for investors to follow and evaluate", says Debt Office Director General Hans Lindblad. The assignment includes working together with the Government Offices to set up the ‘green framework’, which includes defining the expenditure items in the budget that will be funded by the green bonds. The Debt Office shall also analyze how to carry out the issue in an optimal way within the management of central government debt. The issuance volume shall, according to the assignment, comply with the objective of the debt manage
Riksgälden ska ge ut gröna obligationer senast 202018.7.2019 13:10:00 CEST | Pressemelding
Riksgälden har fått i uppdrag av regeringen att senast under 2020 genomföra en emission av statliga gröna obligationer, det vill säga obligationer som finansierar utgiftsposter i statens budget som går till hållbara investeringar och projekt. Nu inleds arbetet med att ta fram ett ramverk för de statliga gröna obligationerna. – Vi tar oss an uppdraget med full kraft och inleder nu vårt förberedande arbete för att genomföra det på ett effektivt och transparent sätt. Som investerare ska man tydligt kunna följa och utvärdera de miljö- och klimatsatsningar som finansierats med de statliga gröna obligationerna, säger riksgäldsdirektör Hans Lindblad. Uppdraget från regeringen omfattar att samverka med Regeringskansliet för att utarbeta det så kallade gröna ramverket. I ramverket ska det bland annat definieras vilka utgiftsposter i statens budget som ska finansieras genom de gröna obligationerna. Riksgälden ska också analysera hur emissionen ska genomföras på bästa sätt inom ramen för statssku
Cargotec’s January–June 2019 half year financial report: Good progress in Hiab and Kalmar18.7.2019 13:00:00 CEST | Press release
CARGOTEC CORPORATION, 2019 HALF YEAR FINANCIAL REPORT, 18 JULY 2019 AT 2.00 PM EEST Cargotec’s January–June 2019 half year financial report: Good progress in Hiab and Kalmar Strong profit growth in Kalmar Record high operating profit in Hiab Weak result in MacGregor April–June 2019 in brief: Operating profit increased Orders received decreased by 11 percent and totalled EUR 872 (981) million. Comparison period included a single order for Kalmar worth around EUR 80 million. Order book amounted to EUR 2,072 (31 Dec 2018: 1,995) million at the end of the period. Sales increased by 12 percent and totalled EUR 911 (816) million. Service sales increased by 5 percent and totalled EUR 259 (247) million. Service and software sales represented 33 (34) percent of consolidated sales. Operating profit was EUR 53.0 (21.3) million, representing 5.8 (2.6) percent of sales. Comparable operating profit increased by 12 percent and amounted to EUR 64.3 (57.2) million, representing 7.1 (7.0) percent of sal