GL events acquires 70% of Wicked and Flow

Created in 2007 and 2010 in Dubai, these companies are leading providers of premium event solutions in the United Arab Emirates, providing temporary structures and indoor fixtures, power and cooling units. They have a combined staff of 100 employees. After developing the power generation business line in Brazil, the Group is seeking to expand this complementary activity to the event market in other regions. The acquisition of Flow, with its successful track record in developing the power generation market, is intended to contribute to this objective. While its impact in 2017 will not be significant, starting in 2018 they are expected to generate approximately €20m in revenue. The founders and management team of these companies will remain actively involved for several years in order to ensure the total success of the development projects. Established in the United Arab Emirates since 1997, GL events Group has reinforced its position in the Middle East, in preparation for major upcoming events lined up in the years ahead (Asian Football Cup 2019 in the United Arab Emirates, the World Expo 2020 in Dubai, 2022 FIFA World Cup in Qatar). These acquisitions will also open up new growth opportunities in Africa.