Twentyfourseven has been acquired by Mediatec, a Live Events Company of NEP Group, the world’s leading outsourced technical production partner to premier content producers of live sports and entertainment.
JULY 1, 2019
Mediatec is one of the largest audio-visual technology companies in Europe, offering advanced technical solutions for corporate, entertainment, and sporting events around the world. Their turnkey solutions can customize audio, video, lighting, rigging and transportation needs for all large and small events, and they are a global provider of Digital Signage for many well-known retail and automotive clients. Mediatec’s offices are located in Gothenburg, Stockholm, Malmö, Åre, Oslo and Copenhagen.
“We were looking for the next step in the evolution of a business we feel passionate about. Becoming a part of Mediatec and the global NEP Worldwide Network will be a tremendous benefit to both our staff and our clients,” said Peter Lundgren, CEO of Twentyfourseven. “I’m excited about our future.”
The acquisition is consistent with NEP’s stated strategy to become the world leader in Live Events services. The deal adds Twentyfourseven’s robust solutions for the corporate market as well as unique expertise in supporting multi-rig and back-to-back reality productions. The deal also provides Mediatec with a larger production facility in Denmark and the opportunity to support gaming events in the country.
Kenneth Paterson, CEO of Mediatec, said: “The addition of Twentyfourseven is great news for our clients and strengthens Mediatec in the Nordic region. Beyond technology, though, our business above all else depends on bringing on board the right people, and we are delighted with Peter’s leadership and the talented Twentyfourseven team.”
About Twentyfourseven: Founded in 1996, Twentyfourseven serves moving media clients in the corporate, sports, TV, film and entertainment markets with expertise in the areas of TV production and corporate media. Learn more by visiting twentyfourseven.se.
About Mediatec: With over 30 years of experience in the industry, Mediatec has grown to become one of the largest audio-visual technology companies in Europe. They offer advanced solutions for corporate, entertainment, and sporting events around the world. Since April 2015, Mediatec is part of NEP’s global network of 3500+ employees driven by a passion for superior service and focus on technical innovation. Learn more by visiting mediatecgroup.com.
About NEP Group: For over 30 years, NEP has been a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. NEP is headquartered in the United States and has operations in 24 countries. Learn more at nepgroup.com.