US based Production Resource Group completes acquisition of Germany’s SHOWTEC

Production Resource Group, L.L.C. (PRG), the world’s leading supplier of entertainment and event technology headquartered in New York, announced Tuesday that it has acquired SHOWTEC Beleuchtungs- und Beschallungs GmbH, the Europe based event technology company.

Post the acquisition, SHOWTEC will operate under its own brand-name, as a full member company of the PRG group, with Wilfried Schiefer and Ralf Richrath continuing in their present leadership roles.

Headquartered in Cologne, Germany and subsidiaries in Berlin and Munich, SHOWTEC is a leading supplier of state-of-the-art lighting, audio, plus a broad range of LED equipment to a wide range of market segments including trade fairs and expositions, public and corporate events, concert tours and television productions.

PRG Chairman & CEO Jeremiah Harris said SHOWTEC has an excellent reputation in the industry for maintaining the highest standards of quality for its equipment and services. Harris said SHOWTEC’s seasoned management team and experienced production staff will add depth to PRG.

SHOWTEC chief Wilfried Schiefer said the investment was a logical move for the firm, as both SHOWTEC and PRG are committed to providing integrated services (audio, video, and lighting) to their clients on a global basis.  Schiefer said he was particularly pleased that SHOWTEC’s clients will now benefit from the depth of the two firms’ combined inventories, including the many innovative PRG proprietary products, as well as the wide geographic reach of PRG.

PRG serves a wide range of markets, including concert touring, corporate events, trade shows, special events, theatre, television and film. As the world’s leading supplier of entertainment and event technology, PRG currently operates from 36 locations in North America, South America, Europe, Asia and Africa. Its facilities include over 1.5 million square feet of warehouse space that house its state-of-the-art inventory of audio, video, lighting, rigging, scenery and automation equipment.

The New York based PRG Group has embarked on an acquisition led strategy to grow its international business. Just recently, PRG acquired the business and assets of Australia’s Bytecraft Entertainment, a wholly-owned subsidiary of Staging Connections Group Limited.  

The acquisition of Bytecraft will be completed by the end of March.  The latest acquisition is in line with the firm’s international growth strategy. The acquisition of the Germany firm is expected to be highly beneficial to SHOWTEC’s customers. PRG’s global reach, depth of inventory and technical expertise will provide many opportunities for the firm’s existing clients.

31st March 2011

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