GL events
Welcome to the world of events.
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
GL events
COP22
GL events provides the installations for COP22 in Marrakech from 7 to 18 November 2016.
The largest temporary installation ever produced.
© Architecte OUALALOU+CHOI
COP22
GL events enters into a joint venture
with Yuexiu Group
to jointly develop a network of event sites in China. The first phase will consist in managing a 50,000 m2 convention centre in Gangzhou (Canton), targeted for opening in 2019.
© 效果图│ Renderings
GL events enters into a joint venture<BR>with Yuexiu Group
Euro 2016
Fan Zone in Lyon
A total surface area of 62,000m2 and 25,000 people a day; the Fan Zone in Lyon managed by GL events was the official home of football and fun during the event.
© Nicolas Rodet
Euro 2016<BR>Fan Zone in Lyon
Brazil Game Show
The biggest game show in Latin America chose Sao Paulo Expo to host this year’s event, attended by 300,000 fans!
© @studioLopes
Brazil Game Show
Sport dans la Ville
GL events provided services to “Sport dans la Ville”, an association promoting social inclusion through sport, for the inauguration of its new premises.
© Gilles Fillot
Sport dans la Ville
Cannes Film Festival
For more than twenty years, GL events has been on the select guest list of the greatest film festival in the world, providing top-quality services for the event.
© Alexandra Fleurantin
Cannes Film Festival
Nuits de Fourvière
GL events has been a partner to this festival in Lyon for many years: sound systems, lighting, structures for the “Village des Nuits”.
© Francis Mainard
Nuits de Fourvière
Blossom
Designed as an upmarket showroom in the heart of Paris, the show is the ideal place to get a preview of the pre-collections of fabrics and accessories, in a select private environment.
© Stéphane Kossmann
Blossom
Nuits Sonores
GL events is the audiovisual services provider to this major electronic music festival!
© Laure Rousville
Nuits Sonores
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

Contacts

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

Download

Request for financial information

Annual report -
Registration document 2015


Company report
2015