Production Resource Group (PRG) Acquires Procon

by PLSN Staff • in
  • News
• Created: December 11, 2009

Share This:

NEW WINDSOR, NY — Formalizing a purchase agreement disclosed earlier this fall, Production Resource Group, LLC (PRG) announced that it has acquired Procon MultiMedia Aktiengesellschaft AG (Procon).  PRG Chairman & CEO Jeremiah “Jere” Harris and Procon CEO Morten Carlsson announced the acquisition, which was made through MHG Media Holdings (MHG), a PRG subsidiary.

The purchase agreement disclosed on Procon's Web site for investor relations earlier this fall noted that Procon’s board and majority stakeholders had agreed to a purchase price of at least EUR 1.30 per share. At that price, the purchase for all 19,827,611 shares would total 25,775,894 Euros.


PRG and Procon will continue to serve their current clients from their existing locations without interruptions. As of Jan. 1, Procon will begin operating under the name Production Resource Group (PRG).  Cinegate, Procon’s film lighting and camera company, will continue to operate under its existing brand.

PRG’s worldwide presence will extend into significant territories now served by Procon, including Germany, France, Belgium, Switzerland, China and South Africa. These will join PRG’s existing facilities in key cities in the U.S. and abroad, including New York, Los Angeles, Las Vegas, Orlando, Chicago, London and Tokyo, among others.

In a release, PRG stated that there are no plans to consolidate any locations of either company.

“PRG has become a truly global brand,” said Harris. “By acquiring Procon, we will be able to offer our customers access to resources anywhere in the world, customized to their needs with local support. PRG and Procon have similar philosophies — both companies provide a multi-discipline, integrated product to our clients. And both companies share a passion to be the very best. With the joining of these two service-oriented companies, PRG is responding to our clients’ desire to have a single source solution with experts knowledgeable across the market sectors, such as concert touring, corporate events and television.  And we will continue to service clients with both bundled and individual services”

Morten Carlsson stated, “I am confident that this acquisition will create a great opportunity for both PRG and Procon as well as our customers. Like PRG, Procon has built its reputation on offering the very highest level of customer support combined with providing the latest cutting edge technology. Our two companies have enjoyed a long standing productive relationship, having previously combined forces on several high profile projects including the Special Olympics in Shanghai and The Eurovision Song Contest, to name but a few.”

For more information, please visit

Share This:

Leave a Comment:

The Latest News and Gear in Your Inbox - Sign Up Today!

Check Out Some Past PLSN Issues