Econocom consolidates its presence in Europe as an AV integrator

During this year, Econocom has announced four tactical acquisitions in Germany (ICT), Spain (Advance), Ireland (ISS OFF) and UK (Smartcomm) to expand its audiovisual capabilities and service offering in Europe.

Econocom keep going with your growth strategy as integrator in the audiovisual sector through the acquisition of four companies specialized in this market in Germany, Spain, Ireland and the United Kingdom.

Financed through the recent private transaction of Schuldschein (worth 225 million euros), These acquisitions consolidate the implementation of the 'One Econocom' plan, whose objective is to take advantage of the synergies between markets and offer a unified offer in all the geographical areas in which it operates..

“With these new acquisitions, Econocom takes a decisive step as a leader in this growing market, with scale, “the agility and technical depth necessary to serve local and multinational clients from all sectors”, week Angel Benguigui, CEO of Econocom.

To the recent acquisition of Avanzia Applications, with a majority participation of 60% (See more information at DAV), se une la de ISS AV, Smartcomm y, is in negotiation, the of ICT.

From the Dublin-based audiovisual integration company founded in 1991, ISS OFF, has acquired a majority stake in 67%.

This company specializes in the installation and maintenance of equipment and audiovisual solutions related to photography.. Serves more than 150 customers, which include public institutions and universities, supported by framework agreements. With an income of 9,3 million euros and an EBITDA margin of 15%, the company reinforces Econocom's offer in the United Kingdom in the educational sectors, public and business.

As a complement to this last operation, is the acquisition of Smartcomm's assets and experience, who joined in May of this year. Card is Hhhhush Wycy, England, and with an income of 21,3 million pounds in 2023, Smartcomm brings a strong reputation for audiovisual integration to commercial sectors, public and hotel.

ISS AV and Smartcomm reinforce Econocom's presence and capabilities in the region, especially in the execution of complex and comprehensive audiovisual projects.

Besides, Econocom has signed an agreement to acquire a majority stake in the 70% from the ICT audiovisual integrator. Founded in 1988 and based near Stuttgart, has offices in Berlin, Munich, Cologne and Frankfurt (Germany). Offers fixed facilities (55% of the income of the fiscal year 2024) for corporate museums, simulation centers, studios and showrooms, as well as rental solutions (45%) for live events, trade fairs and exhibitions.

He has extensive experience in moving LED structures and custom mechanical systems., Serves a wide range of industrial clients from various sectors. The company has 160 employees, with the support of a management team with more than a decade of experience. The acquisition of ICT is subject to approval by the German Federal Cartel Office. (Federal Cartel Office), in accordance with local antitrust regulations.

These acquisitions respond to the Group's objective of consolidating fragmented national markets., expand coverage by sector and scale the audiovisual area as a high-growth business line, in line with the ambitions set out in the 'One Econocom' plan.

“These acquisitions enhance our ability to deliver customized, high-performance audiovisual solutions.”, from immersive showrooms and corporate campuses, to event-oriented environments and mission-critical infrastructures. Each company provides specialized knowledge: Led engineering in motion in Germany, immersive storytelling and museography in Spain, and audiovisual integration in the public sector in the United Kingdom and Ireland. Combining local expertise with Econocom's pan-European structure allows us to standardize excellence, while remaining in tune with the needs of each market. We are not only expanding our presence in the audiovisual sector, “But we are laying the foundations for a new era of digital experience infrastructure in Europe”, comenta Jean-Pierre Overbeek, director of the audiovisual business in the Group and country manager in the Netherlands.