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NEP to buy Dutch OB and media management outfit CMI

NEP to buy Dutch OB and media management outfit CMI
News
Jon Creamer
13 July 2015

NEP Group has entered into an agreement to buy Consolidated Media Industries (CMI), a Netherlands based Outside Broadcast and media management company.

CMI operates both the DutchView and Infostrada Creative Technology brands. DutchView operates ten studios in Amsterdam and Hilversum, a fleet of five HD mobile units, and two music production vans. Infostrada Creative Technology provides solutions for the creation, management and distribution of video content including facilities for video ingest, post production, distribution, transcoding, streaming and archiving.

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 now has over 120 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 its 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.

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