NEP Group expands its live broadcast reach with acquisition of Avesco group
Pittsburgh-based content producers NEP Group Inc. announced today the acquisition of live event and broadcast Avesco's Creative Technology ("CT") and mclcreate brands. The acquisition will makes NEP one of the largest global providers in the broadcast and live event industries.
Based in the United States, NEP operates four brands offering live event solutions, including Screenworks, Sweetwater, Faber, and Mediatec Solutions. With the addition of Avesco Group, NEP will expand to North America, Europe and the Middle East and add new capabilities in the Asia Pacific region.
"NEP and Avesco have very similar cultures and have had a strong working relationship for years. I am excited to have them as part of our worldwide network, and to work with Graham Andrews and David Crump to continue to grow NEP's live event solutions offerings. The Creative Technology and mclcreate brands complement our existing live event groups well, and together we will be able to enhance our depth of service and reach worldwide," said Kevin Rabbitt, NEP's CEO.
Avesco Group's CT brand is a leader in the live event industry, providing display, audio, video and lighting solutions. With offices in the US, Europe, the Middle East and the Asia Pacific region, they service the corporate, sports and entertainment markets. Avesco's mclcreate brand is a U.K.-based creative and technology production services company in the live event industry.
Graham Andrews, president of creative technology, US and Asia, said, "This is a fantastic opportunity for both companies. Our combined strength and resources will create a great framework for continued growth."