NEP ENTERS INTO AGREEMENT WITH CMI

NEP ENTERS INTO AGREEMENT WITH CMI

Pittsburgh and Hilversum

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July 10, 2015

NEP Group Inc. (‘NEP’) announced today that it has entered into an agreement to acquire Consolidated Media Industries (‘CMI’).

NEP Group Inc. (‘NEP’) announced today that it has entered into an agreement to acquire Consolidated Media Industries (‘CMI’). The acquisition will bring one of Europe’s leading providers of innovative video technology and outsourced production solutions into NEP’s worldwide network. 

The acquisition of CMI expands NEP’s reach in Northern Europe, and adds extensive video and media management solutions to NEP’s worldwide network. Headquartered in Hilversum in the Netherlands, CMI operates both the DutchView and Infostrada Creative Technology brands. DutchView is one of the leading providers of solutions for remote production and studio production in Northern Europe, and operates ten studios in Amsterdam and Hilversum, a fleet of five high definition mobile units, and two music production vans. Infostrada Creative Technology is one of Europe’s leading providers of innovative solutions for the creation, management and distribution of video content. Their offering includes extensive facilities for video ingest, post production, distribution, transcoding, streaming and archiving. Infostrada Creative Technology has developed several proprietary solutions, including a solution for the delivery of Video-on-Demand; an extensive cloud-based workflow platform; a system for automated ingest and logging of content; and an automated system for file QC, storage, transcoding and output. The CMI brands will continue to operate independently under their current management teams. 

“We are excited to become part of NEP’s growing worldwide network of brands. Their global presence will give us a great opportunity to deliver the broad variety of unique workflow solutions that CMI has developed over the years,” said Michiel van Duijvendijk, CEO of CMI. 

With the acquisition of CMI, NEP will offer over 120 high-definition (HD) mobile units; HD flypacks, satellite uplink trucks; smaller camera systems and other audio visual packages; specialty and wireless cameras; post-production facilities in Dublin, Oslo, Helsinki, Zurich, Munich, Leuven (Rotselaar) and Hilversum; content management and archive facilities in Hilversum; studio facilities in Los Angeles, New York, Connecticut, London, Sydney, Melbourne, Oslo, Helsinki, Brussels (Londerzeel), Amsterdam and Hilversum; thousands of plasma, LED, and projection video display solutions; a fleet of mobile LED trucks across North America and Europe; as well as an industry-leading team of engineers and technical experts.

Stella Capital Advisors provided investment banking advisory services to NEP, with Jones Day serving as NEP’s legal advisors. Macquarie Capital acted as sole financial advisor to CMI. The acquisition is expected to close during the third quarter of 2015, subject to customary closing conditions.

Contact

For media inquiries, contact NEP: Susan Matis or Meredith Knight

PRESS@NEPGROUP.COM

About NEP

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.

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