NEP Via Mediatec Solutions to Acquire Big lius Produktion posted: 04/09/2016
Uniting Two Leading Service Providers in the Nordic Live Events Industry
NEP Group Inc. ( NEP') announced today via its subsidiary Mediatec Solutions that it has entered into a definitive agreement to acquire Big lius Produktion ( Bigelius ) from the current owners. Financial terms were not disclosed. This transaction will bring one of the Nordic region's largest and well renowned live events companies into Mediatec Solutions and NEP's growing worldwide network of brands.
Big lius Produktion is a well-established premium and high quality AV company mainly focused on the Swedish and Nordic live events market. The company has its roots in audio and has been a partner of Mediatec for some time delivering excellent solutions to their clients. The company has offices in Enk ping and Stockholm, Sweden. The acquisition will strengthen Mediatec and its reach across Sweden, the Nordics and Europe.
Big lius Produktion will be a great addition to us and will strengthen our presence on the Swedish and European market. We see a large opportunity for growth in the Nordic region as well as in Europe.
The company has a strong foothold in entertainment as well as corporate events with a high level of reoccurring business. The company is well renowned for their competence in audio and has one of Sweden's largest loudspeaker fleets. I look forward to working with Ola Big lius, the owner of Big lius Produktion, along with his team, to continue to expand their business, says Kenneth Paterson, CEO of Mediatec.
Big lius Produktion will operate under Mediatec Solutions Sweden AB and under the leadership of Kenneth Paterson.
Mediatec has a reputation for excellence on the market, and we are excited to become part of their and NEP's worldwide network, said Ola Big lius. We know that this will provide a fantastic opportunity to work within Mediatec to continue to grow Mediatec's presence throughout Europe and develop smart solutions for our clients, Ola continues.
The addition of Big lius Produktion is consistent with the broader strategy for NEP to continue expansion into new service offerings, said Kevin Rabbitt, NEP CEO. The acquisition adds to our already strong video display and lighting offerings in Europe, and it will enable us to offer deeper live event capabilities to our existing clients throughout Europe.
This transaction was completed on September 1st 2016.
About NEP
NEP provides the technology and know-how to enable clients to produce the world's most prestigious live and broadcast events around the globe. The company is the leading worldwide provider of outsourced production solutions offering technical services for remote production, studio production, video display, host broadcasting, post production, smart asset / media management, multi-screen delivery and end-to-end OTT solutions. NEP's team of more than 2,200 employees is driven by passion and a focus on technical innovation, and together they have supported productions in over 65 countries on all seven continents. NEP is headquartered in the United States and has offices in 16 countries.
About Mediatec
Founded in 2007 when the owners of Massteknik and Prisma OB merged and acquired the foremost companies in the Nordic region within outside broadcast production and event technology, Mediatec has grown to be one of the largest companies offering cutting edge solutions for the corporate, entertainment and sports industries in Europe and worldwide. Since April 2015 Mediatec has been a part of the NEP worldwide network.
About Big lius
The company roots go back to 1990 when the company sprung out of the Disco era, to the Rock n' Roll era and has lately entered into the corporate business arena. Audio has always been the backbone of the company and now the company does broader deliveries having added video, light and stage. The company has a strong financial track record and the founder Ola Big lius is a proven entrepreneur.
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NEP Via Mediatec Solutions to Acquire Big lius Produktion posted: 04/09/2016 
