Econocom Strengthens Its Audiovisual Leadership in Europe

Econocom Group has announced a significant expansion in its audiovisual sector through four strategic acquisitions in Germany, Spain, Ireland, and the United Kingdom. These acquisitions, supported by a recent €225 million private placement, are aligned with the 'One Econocom' plan aiming to consolidate its European AV leadership. The acquired companies generate approximately €60 million in revenue, boosting Econocom's annual turnover to over €300 million.

The acquisitions include AVANZIA in Spain, ISS AV in Ireland, Smartcomm in the UK, and ICT in Germany. These deals enhance Econocom's local presence and sectoral expertise in immersive design and AV integration, solidifying its position in a growing market projected to expand by 4% annually until 2028. This move aligns with Econocom's goal to lead the digital experience infrastructure across Europe.