PSAV® Completes Acquisition of KFP Holding GmBH
CHICAGO, Feb. 17, 2016 (GLOBE NEWSWIRE) — PSAV has closed the previously announced purchase of KFP Holding GmBH, a leading provider of creative and event technology services based in Frankfurt, Germany.
KFP provides a broad suite of conference and event technology services, including creative event management and content production solutions for over 30,000 annual events in 100+ venues primarily in Germany, Austria, Switzerland and Hungary. KFP has been a leading provider in the marketplace for nearly 20 years. They have a celebrated track record of supplying event technology and communications services to hotels, corporations and meeting and event agencies.
The transaction strengthens PSAV’s leadership position in Europe by adding a highly talented team with strong customer and venue partnerships, while providing KFP the opportunity to enjoy the benefits of our global scale and innovative technology.
“Today is an exciting step forward for PSAV and KFP. The combination will allow us to further capitalize on the increasing global customer demand,” stated PSAV President and CEO Mike McIlwain. “This transaction is consistent with our strategy to expand our international presence and to enhance our ability to serve our customers and venue partners in key markets.”
“I am thrilled for our organization to be joining forces with PSAV, a global leader in the event technology services industry. The combination of the businesses will create tremendous value for our customers and venue partners,” said KFP’s CEO Klaus Flettner.
PSAV is a leading provider in the global event technology services industry. As the event technology provider of choice at leading hotels, resorts and convention centers, our customers look to deliver more dynamic and impactful meetings and events. PSAV’s customers comprise event organizers, corporations, trade associations and meeting planners, and they choose PSAV for its innovative and comprehensive service offerings, exceptional customer service and global platform. PSAV employs more than 7,500 highly trained staff across 1,300 venues throughout the U.S., Canada, the Caribbean, Mexico, Europe and the Middle East. Visit us at www.psav.com and http://company.psav.com.
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