NEP Group Signs Agreement to Acquire HDR, Expanding Its Broadcast and Media Solutions Capabilities in Europe and Worldwide

NEP Group Signs Agreement to Acquire HDR, Expanding Its Broadcast and Media Solutions Capabilities in Europe and Worldwide

Pittsburgh, PA

|

June 25, 2019

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.

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 88 countries on all seven continents.

NEP is headquartered in the United States and has operations in 24 countries. Learn more at nepgroup.com.

Recent News

BSI Shortlisted for an IABM BaM Awards® 2020

Pittsburgh

|

NEP's Broadcast Sports International (BSI) team is shortlisted for an IABM BaM Awards® 2020 for their development of the Mini Tx UHD - the world's smallest low-latency, UHD wireless transmitter.

read more

CT Delivers Annual GCCA Conference

London

|

NEP's Creative Technology (CT) team delivered the Glabal Cement and Concrete Association's 3rd Annual Conference virtually. This event was livestreamed to a global audience on October 6th and 7th.

read more

NEP Team on Short List for Two 2020 Broadcast Tech Innovation Awards

Pittsburgh, PA

|

NEP staffer Sean Mehmet is nominated for Best Young Talent and the NEP/DAZN team is nominated for Technical Innovation in a Sports Broadcast for the creation of DAZN's virtual production platform.

read more