AUSTRALIA – Staging Connections Group Limited has entered a Scheme Implementation Agreement with PSAV under which PSAV would, subject to shareholder approval, acquire 100% of SCGL.
More details from Staging Connections Group (www.stagingconnections.com) and PSAV (www.psav.com):
This partnership will be truly an exciting next chapter for our company and team members. The board and management unanimously support the proposed transaction as it opens the door to broader technology offerings, resources and professional expertise. The agreement will provide the Staging Connections Group business with the capability to offer our clients an international solution to all their event needs and an improved offering domestically.
PSAV has been providing legendary service and innovative technology since 1937 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 and the Middle East. www.psav.com.
Following completion of the proposed transaction, we will continue to operate as we are today with the added benefit of PSAV’s additional technical resources and support structure.
