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, will contribute to this objective.
While their impact in 2017 will not be significant, starting in 2018 they are expected to generate approximately €20 million 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 in this way 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.