NEP Acquires Faber Audiovisuals
NEP announced today that it has acquired Faber Audiovisuals (Faber). Financial terms were not disclosed. The transaction will bring Faber, based in the Netherlands, into NEP’s worldwide network of brands. NEP is headquartered in the United States with locations in the UK and Australia.
NEP is one of the largest broadcast and live event service companies in the world, offering solutions for outside broadcast, studio production, video display and host broadcast, supporting thousands of shows each year. The acquisition of Faber will extend NEP’s video display capabilities into Europe and the broader international market.
“Faber has an exceptional reputation for service and is a clear leader in the industry. I am excited to work with Cees Faber to continue to expand our international display business. Together, we will be able to offer a greatly expanded pool of resources, a greater depth of expertise and a broader geographical reach – enhancing the service that both of us are able to offer our clients,” says NEP CEO, Kevin Rabbitt.
Faber is a leading European company providing solutions for complete audiovisual productions. They serve clients in the sport, music and corporate markets supporting productions of all sizes. Recently, Faber took over the rental division of Mitsubishi Electric Europe in the UK and opened outlets in Dubai and the United States, greatly expanding their reach around the globe.
Faber will remain an independent operating entity, based in the Netherlands, led by Cees Faber and his management team.
Cees Faber, President of Faber, adds, “This will be a great transition for Faber clients, staff and partners. As part of the NEP Worldwide Network, Faber will have access to a much broader pool of resources, which will greatly support our growth internationally. I am excited to work with Kevin and the NEP team to continue to expand the business.”
With the acquisition of Faber, NEP offers over 80 high-definition (HD) outside broadcast units; several HD flypacks, smaller camera systems and other audio visual packages; studio facilities in Los Angeles, New York, Connecticut, London, Sydney, and Melbourne; thousands of plasma, LED, and projection video display solutions; a fleet of mobile LED trucks; as well as a large team of industry-leading engineering and technical experts.
Previously, Faber Audiovisuals was owned by Faber management and Foreman Capital. Through this transaction, NEP has acquired the entire business. NEP is majority-owned by Crestview Partners with a significant ownership stake held by NEP’s management team.