NEP ACQUIRES AVESCO GROUP

NEP Group Inc. announced today that they have acquired Avesco Group plc. This acquisition brings Avesco's Creative Technology ("CT") and mclcreate brands into NEP's Worldwide Network, making them one of the largest...

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Uniting Two Worldwide Leaders in Live Event Solutions

NEP Group Inc. announced today that they have acquired Avesco Group plc. This acquisition brings Avesco's Creative Technology ("CT") and mclcreate brands into NEP's Worldwide Network, making them one of the largest providers of live event solutions in the world. Combined, they now have offices in 20 countries around the globe, greatly expanding their ability to service clients in virtually every region and territory.

Based in the United States, NEP is the global industry-leading provider of outsourced solutions to the broadcast and live event industries. They currently operate four brands offering live event solutions, including Screenworks, Sweetwater, Faber, and Mediatec Solutions. With the addition of Avesco Group, NEP will expand their live event solutions capabilities in North America, Europe and the Middle East and add new capabilities in the Asia Pacific region.

"NEP and Avesco have very similar cultures centered on delivering exceptional service to our clients, and the two companies have already 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 around the globe. The Creative Technology and mclcreate brands complement our existing live event groups well, and together we will be able to greatly enhance our depth of service and reach worldwide,” said Kevin Rabbitt, NEP's CEO.

Avesco Group's CT brand is a market 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, U.S. & Asia, said, "This is a fantastic opportunity for both companies. Our combined strength and resources will create a great framework for continued growth."

David Crump, President of Creative Technology/mclcreate, Europe & Middle East, added, "We are excited to be able offer our clients a much broader service network, and the added strength of NEP’s reputation for excellence around the globe."

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