NEP ENTERS INTO AGREEMENT WITH CMI
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.