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GL events — M&A Activity 2023
Jan 23, 2023
1368_iss_2023-01-23_45fed1d0-a957-4cf7-ae04-f97c153f9a7e.pdf
M&A Activity
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GL EVENTS REINFORCES ITS TEMPORARY STRUCTURES OFFERING BY ACQUIRING LOCABRI
GL EVENTS (ISIN: FR0000066672 - TICKER: GLO), THE INTEGRATED EVENT INDUSTRY GROUP, ACQUIRES 100% OF THE SHARE CAPITAL OF LOCABRI, A SUPPLIER OF TEMPORARY STRUCTURES IN FRANCE AND SPAIN.
GL events acquires 100% of the holding company of Locabri, a supplier of temporary structures in France and Spain from TCR Capital, Siparex, CARVEST (Crédit Agricole Régions Investissement, CALIXTE INVESTISSEMENT fund) and APLUS.
Olivier Ginon, Chairman-CEO of GL events, commented: "With Locabri, we are delighted to welcome a remarkable team with whom we share values and a vision that allows us to look forward to the future with confidence in terms of a successful integration and growth. By combining Locabri's range of services with its own event industry expertise, GL events accelerates the development in France and Spain of its temporary structures offering already strengthened by the Group in 2022 with the acquisition in the United Kingdom of Field & Law. Finally, this acquisition will allow the group to support its growth in 2023 and 2024, which will be driven, in particular by sports, economic and cultural events in France and abroad."
Based in the Lyon region (Brignais), Locabri has more than 70 employees and a diversified portfolio of customers operating in the industrial, retail, service and logistics sectors. To maintain its growth momentum, the current management team remain will remain in place.
This acquisition strengthens GL events' position in the French market in the industrial sector while completing the Group's offering of temporary structures provided by Spaciotempo and further diversifying the Group's activities outside the event industry. Post-integration, the Group's expanded range of products and increased production resources will help it better meet growing demand for temporary structures.
This new entity will be consolidated by GL events Group as of January 2023.
ABOUT GL EVENTS
About GL events: The Group is a world-class provider of integrated solutions and services for events operating across the three main market segments: conventions, conferences, congresses; cultural, sports and political events; trade shows / B2B and B2C exhibitions and consumer fairs. GL events' activities are organised into three major business divisions. GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events and offers turnkey solutions from consulting and design to staging the event itself.
GL events Exhibitions manages and coordinates the Group's portfolio of more than 300 proprietary trade fairs covering a wide range of sectors: food industry, culture, textiles/fashion, manufacturing… GL events Venues manages a network of 59 venues (convention and exhibition centres, concert halls and multi-purpose facilities) in France and international destinations. Present on five continents with operations in more than 20 countries, GL events has 4,900 employees. GL events is listed on Euronext Paris, Compartment B (mid-caps).
INVESTOR RELATIONS MEDIA RELATIONS GL events Sylvain Bechet Tel.: +33 (0)4 72 31 54 20 [email protected]
FTI Consulting Emily Olivier Tel.: +33 (0)1 47 03 68 65 [email protected]
ISIN FR0000066672 - BLOOMBERG GLO FP - REUTERS GLTN.PA - FTSE 581 LEI 9695002PXZMQNBPY2P44