Napalm Records has officially acquired SPV GmbH. The deal was finalized towards the end of November.
Napalm Records CEO Markus Riedler commented:
“The continuation and expansion of SPV GmbH as a distributor and the strengthening of the in-house labels are our major priorities. We will combine all forces, and link them with the power and worldwide network of Napalm Records in order to positively shape the future together.
The employees of SPV are music-savvy, extremely experienced experts who are needed, now more than ever, to survive in these turbulent times on the international market. Together with Managing Director Frank Uhle and his team, we will seize the opportunities that currently present themselves and face the ever-growing challenges that the modern music market brings with it.
In the ever-changing music landscape, we will continue to deliver our strong digital setup alongside our partners The Orchard, and also continue to provide strong physical product distribution for both our retail partners and the fans worldwide via our mailorder stores.
We have purposefully launched and implemented this major project under difficult conditions in 2020.
This was a great team effort, for which I would like to thank everyone involved, in particular to the attorneys Prof. Pascal Charles Amann (Napalm Records) and Joris Brand (SPV). For Napalm Records, this acquisition is without a doubt an extraordinary, historic moment!”
SPV‘s managing director Frank Uhle added:
“With Napalm Records, we have found a synergistically perfect partner for our artists, bands and labels. The international setup and the additional reach and power of Napalm‘s marketing capabilities mean an important upgrade for SPV in tackling future tasks. I look forward to working with Markus Riedler and the affiliated teams to further strengthen and expand our position in the market.”