As an integrated Group operating in all event professions, GL events works in three major segments:
event organisation, event venue management and services for fairs, congresses and events.
© Odile Decq architect / Felice Varini – Altitude 150
Acquisition of 100% of the capital of BS Vision
Générale Location announces the signature of the protocol of agreement over the entire capital of BS Vision.
BS Vision anticipates net sales of about 27m€ for the year 2002.
BS Vision specializes in the interior fittings of tertiary buildings (luxury hotels, head offices...) as well as that of the naval industry.
Its status of an assembler allows a long-term vision over its order book (about 2 and 1/2 years).
An operation immediately relutive
The net margin realized by BS Vision over several years and the provisional one are superior to the one registered at Générale Location.
Taking into consideration the net profitability and an important net cash flow, this acquisition will proved relutive immediately. In term of valorization of acquisition, this action lies perfectly in the line of acquisitions realized during the course of the past few years.
Located in the greater Paris area and the Loire Atlantique, BS Vision moreover will bring to the group a know-how on the cutting edge in the management of business projects which can require more than 12 months to execute. Therefore, Générale Location plans to introduce this competence to all the Group 's subsidiaries which practice a related activity.
Reinforcement of the sector Fittings - Museum fittings
In compliance with the previously announced strategy, this new acquisition directly contributes to the well-balanced portfolio of activities held by Générale Location, as well as to its even distribution :
- Shows-Exhibitions 45%
- Events 35%
- Fittings-Museum fittings 20%
For Olivier GINON, President, "this new acquisition demonstrates the Group 's capacity to even out in an harmonious manner its portfolio of activities, while securing its profitability by placing it beyond the impact of economical fluctuations."
Générale Location schedules its next meeting on 12 February for the publication of the 4th quarter 2001 net sales, and on 6 March for the presentation of the annual results for the year 2001.
GL events, bringing people together
Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone : + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : email@example.com
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581