GL EVENTS, (ISIN: FR0000066672 – MNEMO: GLO), AN INTEGRATED EVENTS GROUP, ANNOUNCES THE ACQUISITION OF 100% OF THE CAPITAL OF LOCABRI,
A SUPPLIER OF TEMPORARY STRUCTURES IN FRANCE AND SPAIN.
GL events announces the acquisition from TCR Capital, Siparex, CARVEST (Crédit Agricole Régions Investissement, CALIXTE INVESTISSEMENT fund) and APLUS, for cash, of 100% of the holding company of Locabri, a supplier of temporary structures in France and Spain.
Olivier Ginon, Chairman and CEO of GL events, said: “With Locabri, we are pleased to welcome a formidable team with whom we share values and a vision that allow us to look forward to a bright future of integration and growth. By combining Locabri’s service offering with its event expertise, GL events is accelerating the development in France and Spain of its temporary structures offering, which the Group had already consolidated in 2022 with the acquisition of Field & Law in the United Kingdom.”
Based in the Lyon region, in Brignais, Locabri has more than 70 employees, with the current management team remaining in place to pursue its growth dynamic. Its diversified customer portfolio is divided between industry, mass distribution, services and logistics.
This acquisition strengthens GL events’ industrial network in France. It complements the Group’s offering of temporary structures provided by Spaciotempo and accentuates the Group’s diversification beyond the event industry. Following the integration, the Group will benefit from an expanded offering and increased production resources to better meet the growing demand for temporary structures.
This new entity will be consolidated in GL event’s accounts as of January 2023.
An integrated events group, GL events is a leading player in the three major event industry markets: conventions and congresses; cultural, sports and political events; and trade shows and exhibitions for professionals and the general public. GL events is organized around three main divisions. GL events Live covers all corporate, institutional and sports events. Its teams provide turnkey solutions, from consulting to design and execution. GL events Exhibitions manages and organizes more than 300 proprietary trade shows in a wide range of sectors, including food and beverage, culture, textiles and fashion, and industry. GL events Venues manages a network of 52 event venues (convention centers, exhibition parks, auditoriums and multi-purpose halls) located in France and abroad. Present on five continents and in over 20 countries,