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2016-02-18

PSAV® Completes Acquisition of KFP Holding GmBH

KFP Holding GmBH

CHICAGO, 2016-02-17 21:07 CET (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.

About PSAV?

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.

Contact:
Andee Oleno
480.905.3445
aoleno@psav.com

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