Euro Media Acquires Alfacam
Bry-Sur Marne, France, June 19, 2013 — Euro Media Group, a provider of broadcast services across Europe, has acquired the technical resources of Alfacam, a Belgian firm specializing in the recording and broadcasting of live events worldwide.
The troubled Belgian media company, which faces bankruptcy, owns Europe's largest fleet of outside-broadcast vans.
With the strategic acquisition, Euro Media Group said it is reinforcing its unique position at worldwide level, notably in wireless technologies & services (RF), which are critical for major events.
Euro Media already operates in seven European countries -- France, Belgium, Netherlands, Germany, UK, Switzerland and Italy. The group provides complete custom-made solution for the production and delivery of all media content from broadcast through to on-line. As a technical integrator, the group is active across the entire production process, handling every aspect from filming though to content delivery.
Financial details were not divulged but reports suggest that the Group paid around €25 million (US$33.48 million) for the assets.
Thierry Drilhon, CEO, said the acquisition of Alfacam’s technical resources will contribute to support the company’s long-term growth. He said that since its creation, Euro Media has contributed to accelerate the market consolidation in order to provide broadcasters and producers with more and more technology, innovation and expertise.
The additional capacity will increase the leadership of Euro Media in Europe while expanding its operations in emerging countries such as Brazil, Drilhon said. He added that “with the Tour de France coming soon, and the FIFA World Cup in Brazil in 2014, Euro Media affirms its strategy and industrial business model.”
The company said the Belgian subsidiary of the group – Videohouse – will be in charge of leading the integration together with group management.
Euro Media is one of the few independent providers in Europe known world-wide for its technical expertise.
Euro Media Group is backed in part by Belgian investment company Ackermans & van Haaren.