NEP has inked a deal to acquire TV technical services company Global Television from Catalyst Investment Managers.
Broadcast and live event service company NEP has a presence in the US, United Kingdom and Brazil, and the acquisition of Global Television will increase the company’s footprint by adding operations in Australia and Asia.
Combined with Global’s fleet of outside broadcast and studio facilities, NEP will now have 70 HD outside broadcast units, several HD flypacks and studio facilities in Los Angeles, New York, London, Cardiff, Sydney and Melbourne.
NEP chief executive Kevin Rabbitt (pictured) said: “Global Television has an outstanding reputation for excellence in live sports and light entertainment and is the clear leader in the Australian television market.
“Together, NEP and Global Television offer a much broader pool of expertise, resources and facilities and extends NEP’s services worldwide, adding significant value for our clients and partners who work internationally.
“We are excited to work with Global’s chief executive Keith Andrews and his management team to continue to grow their business.
“With the support of our private equity partner, Crestview, we have expanded our geographic footprint and established NEP as a worldwide leader in the industry. The Global acquisition is an important step in that process.”
Global works on live sport produced and broadcast in Australia.
According to NEP, six of this year’s highest-rating television shows in Australia were Global projects.
It is also set to provide broadcast services at the 2014 Glasgow Commonwealth Games and G20 Summit in Brisbane 2014.
Global will remain an independent operating entity based in Australia and will be led by Keith Andrews and his executive team.
Andrews said: “This is a great outcome for Global’s clients, staff and partners.
“We’ve worked closely with NEP over the last four to five years on various major projects. The two organisations know one another well and I can confidently say we have similar cultures based on providing superior service to our clients.”
The deal is expected to close early next year. Financial terms were not disclosed.