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Avesco Acquires the Charter Broadcast Group of Companies
Avesco Group plc announces the acquisition of the Charter Broadcast Group of Companies, a leading provider of broadcast systems, broadcast equipment and digital radio camera services worldwide. Avesco is the parent company of Presteigne, which rents high definition and standard definition camera equipment, video tape recorders, EVS hard disk recorders, lenses, RF links and de-rig systems to its clients across Europe and the rest of the World.
The businesses of Presteigne and the Charter Broadcast Group will be merged and rebranded as Presteigne Charter and will operate from bases in the UK, Germany, the Netherlands, Australia and Singapore. Presteigne Charter will continue to offer a wide range of high quality services to the broadcast market worldwide, including custom-built systems, the hire of high definition and other equipment and digital radio camera systems.
Ian Martin, Avesco's chief executive, commented: "The Charter Broadcast Group of Companies has a strong market reputation and will benefit from the additional resources that will be available to it within the Avesco group. We are very excited about being able to merge Presteigne and Charter and the potential that it creates."
Mike Ransome, chief executive of Presteigne Charter, added: "Both companies have highly talented people with tremendous experience in the broadcast industry. The merger of these two high quality businesses will be good news for our many customers as we shall now be able to provide them with an even greater depth of knowledge and experience as well as an increased inventory of equipment for their needs."
Presteigne and the Charter Broadcast Group have been involved in supplying their services to many of the world's top events such as the Olympics; the Football, Rugby and Cricket World Cups; the Australia, French and US Tennis Opens; Red Bull Air Race; Oxford and Cambridge Boat Race; ‘I'm A Celebrity Get Me Out Of Here' and ‘Springwatch'.
Avesco Group plc is the parent company of an international media services group providing services to the corporate presentation, entertainment, sport and broadcast markets by bringing together audio visual, staging and production expertise and studio facilities.
16th April 2008
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