Mediatec acquires Twentyfourseven to strengthen NEP grip in Nordic region
Mediatec, part of the NEP Group, has acquired Twentyfourseven, a live event and corporate media services provider based in Scandinavia with offices in Stockholm, Oslo and Copenhagen.
Founded in 1996, Twentyfourseven serves moving media clients in the corporate, sports, TV, film and entertainment markets with expertise in the areas of TV production and corporate media. The company’s solutions include extensive production capabilities, including ENG equipment, drones, flypacks, integrated camera systems for live streaming, studio production and post-production. They also provide webcast and streaming production services to support internal or external corporate communications.
The acquisition is consistent with NEP’s stated strategy to become the world leader in live events services. The deal adds Twentyfourseven’s robust solutions for the corporate market as well as unique expertise in supporting multi-rig, back-to-back reality productions. The deal also provides Mediatec with a larger production facility in Denmark and the opportunity to support gaming events in the country.
Kenneth Paterson, CEO of Mediatec, said: “The addition of Twentyfourseven is great news for our clients and strengthens Mediatec in the Nordic region. Beyond technology, though, our business above all else depends on bringing on board the right people, and we are delighted with Peter’s leadership and the talented Twentyfourseven team.”
“We were looking for the next step in the evolution of a business we feel passionate about. Becoming a part of Mediatec and the global NEP Worldwide Network will be a tremendous benefit to both our staff and our clients,” said Peter Lundgren, CEO of Twentyfourseven. “I’m excited about our future.”