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 today announces the acquisition of 70% of Slick Seating Systems Ltd in a deal that will further strengthen GL events' Services division.
Created in 2000, building on experience acquired as a consultant for installers of temporary equipment for the Sydney Olympic Games, in ten years Slick Seating Systems has become a leading designer and manufacturer in the universe of grandstands and seating solutions for the UK and Commonwealth markets.
Its offering covers the installation of fixed infrastructure and long-term rental including grandstands for stadiums as well as temporary installations for events.
In 2011, Slick Seating Systems is expected to generate revenue of approximately €6 million.
This acquisition will enable GL events to:
- Strengthen its presence in the market for grandstand installations and seating solutions for events;
- Complete the Group's range of expertise by becoming both a designer and manufacturer of grandstands and seating systems.
As a demonstration of confidence in the company's future development under the GL events Group banner, its management will retain a 30% stake in the capital.
This acquisition will be consolidated in GL events Group's accounts as of 1 February 2011.
2010 annual results: 8 March 2011 (after the close of trading)
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 : firstname.lastname@example.org
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581
Erick Rostagnat - Managing Director Corporate Finances and Administration:
Tel : +33(0)4 72 31 54 20