NEP Signs Agreement To Acquire HDR Group

NEP Group has signed a definitive agreement to purchase HDR Group, a full-service production partner headquartered in Stockholm, Sweden.

The agreement became effective on 17 June, and the deal is expected to close in early Q3 or Q4 of this year, conditional upon the approval of the Swedish Competition Authority. Prior to closing, NEP and HDR will continue to operate as separate and independent companies.

HDR was founded in 2007 and today employs more than 100 employees who support clients in the live sports, entertainment and broadcast markets in Sweden, Norway, Denmark and Finland.The addition of HDR is consistent with NEP’s stated strategy to become the world leader in Broadcast Services and Media Solutions and increases NEP’s ability to serve its clients in the Nordic region and worldwide. The acquisition provides NEP’s European divisions growth opportunities through the addition of HDR’s broadcast centers and extensive studio footprint in the region, as well as opportunities in the reality and unscripted live TV market.

The addition of HDR provides both companies' clients with access to an even more robust set of outsourced, end-to-end solutions supported by a deeper pool of skilled engineers and technicians.

Terms of the deal were not disclosed.

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