HDR to become part of NEP

Expanding broadcast and media solutions capabilities in Europe and worldwide

NEP Group has signed a definitive agreement to purchase HDR Group, a full-service production partner headquartered in Stockholm, Sweden. According to the company, the agreement became effective on June 17, 2019, 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.

Source: NEP

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 a 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.
    
After a brief transition period following closing, HDR will become part of NEP and will go to market as NEP.
 
Terms of the deal were not disclosed.

www.nepgroup.com
www.hdresources.se