SCHAUMBURG, Ill - Tuesday, June 16th 2015 [ME NewsWire]
(BUSINESS WIRE) -- PSAV announced today that it has signed an agreement to purchase Staging Connections Group Limited (Staging Connections), a leading audiovisual and event specialist company headquartered in Sydney, Australia. Staging Connections enjoys a strong presence in Australia, Singapore, China, Fiji, and New Zealand. The Parties anticipate closing the transaction during the fourth quarter of this year, subject to Staging Connections shareholder approval and closing conditions.
Staging Connections has been creating unforgettable events for nearly 30 years and is known as the event technology leader in their markets with solutions that include staging, styling, event theming, set design, multimedia and more. They have more than 750 dedicated event professionals working in 100 locations at over 75 hotels, leading venues, and convention centers.
The acquisition of Staging Connections Group Limited is an opportunity to achieve PSAV’s goal to continue growth in the international marketplace, while also ensuring that the perfect partnership is formed. Staging Connections is Australia’s only integrated event services provider and possesses a unique service offering that combines technical production and design services with the latest in digital media.
“Our entire PSAV team joins me in enthusiastically welcoming the Staging Connections Group into the PSAV family. Their global recognition for being leaders across integrated events, AV services, specialized event services, exhibitions and produced events makes them the ideal extension of our business,” said PSAV President and CEO Mike McIlwain. “Due to this agreement, we will be able to provide our customers with innovative events, extended service offerings and increased value creation even further throughout the world.”
Staging Connections will continue to operate as they do today with the added benefit of PSAV’s additional technical resources and support structure. The leadership team, as well as the operational structure, will remain in place in order to ensure the transition runs smoothly and client relationships continue to be managed appropriately.
“This partnership is truly an exciting endeavor for our company and team members. It opens the door to broader technology offerings, resources and professional expertise,” stated Staging Connections Managing Director Tony Chamberlain. “The agreement will provide Staging Connections with the capability to offer our clients an international solution to all their event needs.”
About PSAV®
Since 1937, PSAV has been providing legendary service and innovative technology to create memorable experiences for planners, producers and customers across the corporate, association and special event markets. Combining local expertise and the broadest array of event technology, PSAV offers more resources in more places than any other partner. PSAV’s services include audiovisual support, as well as video mapping, creative services, digital support, stage design, production, rigging, power distribution, virtual meetings, simultaneous interpretation, internet and network support. PSAV employs more than 5,000 full-time, highly trained professionals in 1,400 destination resorts and hotels throughout the U.S., Canada, Caribbean, Mexico, Europe, Singapore, China, Fiji, Australia and the Middle East. www.psav.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20150615005322/en/
Contacts
PSAV
Andee Oleno, 480-905-3445
aoleno@psav.com
www.psav.com
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