NEP acquires Outside Broadcast and RecordLab
NEP Group Inc have announced that they have acquired Outside Broadcast NV and RecordLab TV & Media GmbH (RecordLab). The transaction will be finalised on April 30, 2015; financial terms were not disclosed.
This transaction brings one of Europe’s leading providers of solutions for outside broadcast, studio production, ENG, news crews and post-production into NEP’s worldwide network of brands.
“Outside Broadcast has a fantastic reputation in Europe. I am excited for managing director Timo Koch and his entire team to join the NEP worldwide network,” says NEP’s CEO, Kevin Rabbitt. “This deal will greatly expand NEP’s presence in Europe, including Germany – which we view as a very important market – and offer a great opportunity for us to work with Timo to continue to grow Outside Broadcast as part of NEP.”
Outside Broadcast is one of Europe’s leading providers of solutions for outside broadcast. In addition, they offer studio production through their Insight Studios and ENG, news crews and post-production through Mediasense. Based in Belgium, Outside Broadcast services clients across the European broadcast and corporate industries. Based in Germany, RecordLab provides outside broadcast solutions for the sports and entertainment industries.
“We are thrilled to become part of NEP. Their worldwide presence and outstanding depth of resources will give us a tremendous platform to continue our growth in Europe,” said Outside Broadcast managing director Timo Koch. “I am excited to explore the opportunities that this will offer to our staff and our clients, both from Outside Broadcast and RecordLab.”
This transaction will be finalided tomorrow in conjunction with NEP’s acquisition of Mediatec, which was announced earlier this month.