New ownership for CT
Published: WORLD
WORLD: Avesco Group, the parent company of Creative Technology has been acquired by NEP Group. The deal sees CT and sister brand mclcreate join the NEP Worldwide Network to create reportedly one of the largest providers of live event solutions in the world.
Based in Pittsburgh, NEP is a provider of outsourced solutions to the broadcast and live event industries. It currently operates four brands offering live event solutions, including Screenworks, Sweetwater, Faber, and Mediatec Solutions. With the addition of Avesco Group, NEP will expand its live event solutions capabilities in North America, Europe and the Middle East as well as adding new capabilities in the Asia Pacific region.
The senior management teams will reportedly remain unchanged with Graham Andrews leading CT’s US and Asia Pacific businesses. Dave Crump will continue to lead CT’s UK, Spanish and Middle East operations and will in due course take over management of the Mediatec Solutions business in the UK and the Faber AudioVisuals business in the Middle East. CT’s operations in Holland and Germany will fall under the leadership of Cees Faber.
‘NEP and Avesco have very similar cultures centred on delivering exceptional service to our clients, and the two companies have already had a strong working relationship for years,’ said Kevin Rabbitt, NEP’s CEO. ‘I am excited to have them as part of our Worldwide Network, and to work with Graham Andrews and David Crump to continue to grow NEP’s live event solutions offerings around the globe. The Creative Technology and mclcreate brands complement our existing live event groups well, and together we will be able to greatly enhance our depth of service and reach worldwide.’
‘This is a fantastic opportunity for both companies,’ stated Graham Andrews, president of Creative Technology, US and Asia. ‘Our combined strength and resources will create a great framework for continued growth.’
‘We are excited to be able offer our clients a much broader service network, and the added strength of NEP’s reputation for excellence around the globe,’ concluded Dave Crump, president of Creative Technology/mclcreate, Europe and Middle East.