Panavision Enters Into Agreement to Acquire AFM Group
WOODLAND HILLS, California, November 7 /PRNewswire/ --
Panavision Inc., the worldwide market leader in the design, manufacture and rental of camera systems for production of motion pictures, television and commercials, announced that it had entered into a definitive agreement to acquire the AFM Group, including its lighting, camera and studio rental operations. Panavision and AFM expect the acquisition to be completed in the next several months.
Founded in 1954, Panavision Inc. is a leading designer and manufacturer of high-precision camera systems, including both film and digital cameras, and lenses and accessories for the motion picture and television industries. Panavision systems are rented through its domestic and internationally owned and operated facilities and distributor network. Panavision also supplies lighting, grip and crane equipment for use by motion picture and television productions.
Incorporated in 1988, AFM Group Ltd (AFM), through its specialists brands, provides lighting, camera and studio rental facilities to the film, television and photographic production industries. AFM has operations in London, Prague, Cape Town, Johannesburg and Sydney.
SOURCE Panavision Inc.
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