Econocom Spain reinforces its AV area with the acquisition of Avanzia

With the majority purchase, Econocom Spain consolidates itself as a benchmark in the design and comprehensive management of audiovisual projects for the global market. Avanzia Applications will maintain its identity and management independently but coordinated, to take advantage of group synergies.

Econocom Spain, as part of the Econocom Group, has announced a majority stake of Avanzia Applications, leading engineering in integration of audiovisual projects, museography and immersive experiences, with projects in 25 countries.

With this decision, consolidates itself as a reference in the comprehensive design and management of audiovisual projects for the global market.

“Avanzia's creative and technical capabilities perfectly complement the Econocom Group's vision and commitment to delivering immersive digital experiences.”, sustainable and high-reach to our Spanish and global clients”, highlights Carlos Pérez-Herce, Country Manager del Group Econnocom Spain.

The trajectory of Avanzia Applications consolidates the experience of Econocom Spain in the audiovisual market, where it is shown as a reference in the integration of immersive technological solutions, design and construction of spaces aimed at improving the user experience, among a wide portfolio of solutions and services.

In this way, the Audiovisual area of ​​Econocom Spain will close 2025 with a turnover close to 60 million euros, a team of 250 specialists and engineers and several centers of excellence in Madrid and Asturias from where it supports installations in 95 countries.

Jaime Fernández de Santaella, CEO of Avanzia Applications, comment: “From today, Our clients can benefit not only from unique audiovisual solutions and scale opportunities, but also access any service related to your digital transformation, from the financing of strategic assets, to the evolution of the job and the deployment of infrastructures. A much broader value proposition thanks to the capabilities of Econocom Spain, and backed by our two decades of experience”.

Both the CEO of the company, as your CTO, Raul Gargallo, Avanzia Applications partners, They will remain at the head of the entity to accompany the integration plan into the Econocom Spain Group and to explore together new avenues for immediate growth..

Los 50 Avanzia employees will begin to coordinate with the Econocom Spain team, that already exceeds 1.800 professionals and has closed 2024 with a billing of 480 million euros.

Strategic plan ‘One Econocom’ 2024-2028

The incorporation of Avanzia Applications, responds to the ambitious Strategic Plan of Grupo Econocom 2024-2028, through organic and inorganic growth.

At the same time, Econocom Group is making progress in consolidating its presence in the markets in which it operates and extending its capacity for action in each of the four areas of specialization that comprise it.: Workplace, Infrastructure, Strategic and Audiovisual Assets. After more than 20 years in the Spanish market, Avanzia therefore goes on to reinforce the value proposition of the Econocom Group in the latter.

Econocom's Audiovisual area offers a 'technology as a service' model around immersive experiences. It is also recognized for its ability to develop content, remote management and analytics tools and other managed services, for a significant number of clients in the retail sector, hospitality, public spaces and events, healthcare, educational environments and corporate spaces.