PSAV to Acquire KFP Holding GmBH, Expanding European Footprint

PSAV announced today that it has signed an agreement to purchase KFP Holding GmBH, a leading provider of event technology services headquartered in Frankfurt, Germany. KFP is a market leader in providing audiovisual and production services and enjoys a strong presence in Germany, Austria and Switzerland. The parties anticipate the closing of the transaction later in the first quarter of this year, subject to customary closing conditions. The acquisition of KFP is a continuation of PSAV's strategy to seek growth in the international marketplace and partner with leading event technology providers to service customers across a broader global footprint. The acquisition will extend PSAV's presence in Europe that includes operations in the UK, Germany, France and Monaco. KFP has been a leading provider in the market place for nearly 20-years. They have a celebrated track record of supplying event technology and communication services to hotels, corporations and meeting and event agencies."The entire PSAV team joins me in enthusiastically welcoming KFP into the PSAV family. KFP's strong market presence in Central Europe accelerates our global growth efforts, and its sterling reputation for excellence and customer service is essential to maintaining our