GL events
Welcome to the world of events!
As a leading global player in the events sector, GL events operates in the three main events markets: congresses and conventions, sporting, cultural and political events, and trade shows and consumer fairs.
© Odile Decq architect / Felice Varini – Nicolas Rodet
GL events
Commonwealth Games Gold Coast 2018
GL events, official supplier of temporary grandstand seating for the Gold Coast 2018 Commonwealth Games in Australia. A total of 60,000 temporary seats were installed in thirteen venues.
Commonwealth Games   Gold Coast 2018
Matmut Stadium Inauguration
The project to renovate and modernise the Matmut Stadium in Gerland, launched by Olivier Ginon, the Chairman of GL events, highlights the Group's expertise in terms of engineering, architecture and asset management. The stadium is now home to the LOU Rugby team.
© Nicolas Rodet
Matmut Stadium Inauguration
Geek and Games at the Riocentro
Brazil’s largest event devoted to pop culture and video games is organised and hosted by GL events at the Riocentro, in Rio de Janeiro.
© Light Press 2017
Geek and Games at the Riocentro
Cannes Film Festival
For more than 20 years, GL events has been providing top-of-the-range, tailor-made services for one of the world's most prestigious film festivals.
© Alexandra Fleurantin
Cannes Film Festival
Equita Lyon
The Lyon Equestrian Show, organised and hosted by GL events at Eurexpo, is the largest indoor equestrian event in France.
© Gilles Galoyer
Equita Lyon
"Nuits Sonores" Music Festival
GL events provides the audiovisual services for this major electronic music festival!
© Laure Rousville
"Nuits Sonores" Music Festival
Sirha Green
The first trade fair devoted to ecological food-services. Organised and hosted by GL events, the event brings together the sector’s professionals to address the issues of social and environmental responsibility.
© Diph Photography
Sirha Green
Première Vision Paris
Organised and hosted by GL events, the reference event for the fashion world was held at the Maison de la Mutualité in Paris. It owes its success to its avant-garde selection, bringing together many new products, services and innovations.
© Alexandra Fleurantin
Première Vision Paris
Light Festival Lyon
GL events Audiovisual, an official partner and service provider to the Lyon Light Festival, draws on its expertise and talent for several artistic projects in various venues during this international event.
© Thierry Perre / Partners’ Club of the ‘Fête des Lumières’ / Lyon Light Festival 2017
Light Festival Lyon
Back to Press releases 2003

Acquisition of Cofrata, Compagnie Française de Tourisme d'Affaires

Générale Location announce the acquisition of Cofrata, a recognized specialist in engineering services for congresses and conventions. This transaction will strengthen GL's position as the leading European provider of event engineering and logistics services.


Cofrata is a major provider of organizations services for congresses
Founded in 1987, Cofrata organize more than 35 professional events, congresses or conventions per year in France and Europe. With a staff of 42 professionals, the company has sales of € 14 million with an operating margin higher than the Group's.
Cofrata's services cover all stages of the process from design to the actual organization of the event: defining concepts, establishing budgets, finding an appropriate venue, implementing a management organization, providing dedicated secretarial services, promotion and hotel reservation.
Based in Toulouse and Paris, the company has a solid track record particularly in the medical sector in which it has a significant number of customer references including La Société Française de Transfusion Sanguine or Euro PCR (an interventional cardiology seminar with 8.500 participants every year).

In line with the group culture, Cofrata's management and professionals will pursue their activities within GL, contributing in this way to the rapid integration.


Significant synergies with GL's businesses
This acquisition completes and strengthens the range of services already proposed and will:

1) strengthen the Venue and Event Management division: GL will optimize venues under management by the addition of new events. This will in turn make the Group even more attractive to local authorities considering entrusting the management of their sites to a private player.

2) develop the market for Global Services: congresses or conventions offer a significant volume of recurrent business in an area where GL benefits from strong growth prospects.

3) complete a "comprehensive" vertical range of services: with this acquisition, GL further broadens its range of expertise. Through its fully integrated range of services, GL is able to offer a unique and comprehensive solution.

GL continues to pursue its strong growth strategy while maintaining its objective of acheiving further gains in profitability
The acquision of Cofrata should provide GL with significant and immediate synergies. Furthermore, given the company's high level of profitability and solid fundamentals, its contribution should have a relutive impact of around 5% in the current period. The acquisition PER ratio is in line with previous acquisitions.
The acquisition of 75% of Cofrata's shares will be accompanied by an exchange of shares for the remaining 25% within the framework of a reserved capital increase*.
The impact of this acquisition on the debt-to-equity ratio willl be 7%.

*This must comply with the terms retained by the COB and be approved by a forthcoming Extraordinary General Meeting.

Next important date:
Annual meeting: 20 June 2003 - 11am - Palais des Congrès Lyon
2002 first-half sales: 24 July 2003

 

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 : infos.finance@gl-events.com


Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581
Code LEI : 9695002PXZMQNBPY2P44

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

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Annual report -
Registration document 2017


Company report
2017