The merger creates one of Europe's larger media corporations with a combined turnover of 80 euros and a specialist workforce of 230 employees. A management statement declares, "With operations in Sweden, Norway, Denmark, Germany and the UK, the MediaTec Group will have an immediate pan-European presence, supplying equipment and personnel to customers and events worldwide. The new company has a clearly defined strategy that puts the focus on growth, both organic and through strategic acquisition.
"The media technology industry is undergoing swift development in a number of areas, not least through major out sourcing activities. The growth potential within the sports, entertainment and event industries is extremely attractive and it will be exciting to work together with all the staff to implement the planned expansion with our significantly boosted resources."
(Jim Evans)
