NEP Acquires Broadcast Solutions Group
PITTSBURGH,USA — NEP Group Inc. (‘NEP’) announced today that it has enteredinto a definitive agreement to acquire BroadcastSolutions Group (“Broadcast Solutions”), the global provider of outside broadcastflypacks and leading broadcast services partner in the Pan Asian region. JonesDay represented NEP as lead M&A counsel, and financial terms were notdisclosed. The transaction will bring Broadcast Solutions, headquartered in Singaporewith offices in India, UAE and the UK, into NEP’s Worldwide Network. Followingthis acquisition, NEP will have offices in 16 countries, as well as the abilityto support productions across every continent.
Broadcast Solutions has been providing broadcastservices for 16 years, covering broadcast projects for a range of high profileclients and events across a wide variety of sports including, cricket, golf,field hockey, football, tennis and kabaddi. Following the acquisition, Broadcast Solutionswill operate as NEP Broadcast Solutions under the leadership of Saeed Izadi andwill continue to be headquartered out of Singapore. The acquisition of Broadcast Solutions will make NEP aleading worldwide provider of outside broadcast flypacks.
“Broadcast Solutions has an exceptional reputation forservice in the Asian and Indian markets, regions that remain key strategicpriorities for NEP. This acquisition puts us in the leading position in thesemarkets and enrichesour global depth of resources, ensuring we have the best facilities and ahighly experienced staff that can cover any project, anywhere in the world. The entire Broadcast Solutions team shares our commitmentto superior client service and innovation, and I am very pleased to welcome SaeedIzadi and his team into the NEP Worldwide Network as we continue to expand ourinternational broadcast services business,” said Kevin Rabbitt, CEO, NEP Group.
“Becoming a part of the NEP Worldwide Network marks amilestone in our growth. I couldn’t ask for a more closely aligned partner thanNEP to bring immediate and significant value to our worldwide clients,” said SaeedIzadi, CEO and founder, Broadcast Solutions Group. “I am confident that thistransaction will add a great deal of flexibility to our operations and willprovide our staff with enriching collaborative opportunities. We are excited toexpand our service excellence to a wider reach with the increased support of aworldwide network and a broader pool of resources.
About Broadcast Solutions GroupBroadcast Solutions Group (BSG) is a market leader in broadcasting live, multi-venue, and pre-recorded events. BSG has built an outstanding industry reputation through the years of service, deploying state of the art technologies in outside broadcast and providing expertise in coverage of large-scale events. Today, BSG has a presence in Europe, Middle East, South Asia, and Indian sub-continent serving clients ranging from major television networks to world sports organizations with highest standards in broadcast quality. BSG is constantly in search for creative and innovative solutions to remain a preferred choice in outside broadcast industry.