Thomas Riedel, founder and owner of Riedel Communications and the Riedel Group, has acquired Arri, the Munich-based premium manufacturer of camera and lighting technology for motion picture and live entertainment.
The Riedel Group is a recognised specialist in advanced audio, video, and data technology, delivering infrastructure solutions for many of the world’s most demanding broadcast, live event and sports productions. Through the acquisition, the Riedel Group will expand its expertise across the entire production chain, from camera optics to distribution. Arri’s ecosystem of camera, lighting and systems technology complements the Riedel Group’s existing portfolio and opens up new technological and strategic market opportunities for both companies.
Under the new ownership, Arri’s existing management team will continue to lead the company and advance its ongoing transformation. The company will retain independent operations and remain headquartered in Munich.
‘Thomas Riedel has built a first-generation family business and stands for entrepreneurial continuity and long-term thinking,’ says Arri MD, Chris Richter. ‘We look forward to working with a successful entrepreneur and to the resulting market opportunities and access – both in existing and new markets.’
‘My entrepreneurial path has been closely tied to Arri for years,’ Thomas Riedel says. ‘This acquisition represents the most significant personal milestone of my career so far. I have great respect for this exceptional brand, its outstanding products, and its strong team. At the same time, I see tremendous potential and am confident that, together, we can position Arri for long-term stability and future success.’
The first milestone of this collaboration, Arri will be the debut of its camera technology at the Eurovision Song Contest, where Riedel serves as the technology provider and NEP oversees production.
More: www.arri.com