LONDON — Gimv-XL has become a major new shareholder in the XL Video Group with an investment valued at 19 million Euros. XL Video Group includes XL’s global video rental enterprises and also its LED and product design and manufacturing arm, XL Technologies.
“We are all very enthusiastic about the new partnership and the opportunities that Gimv coming onboard will bring,” said XL’s CEO and co-founder René De Keijzer. “It will allow us to make major investments in new technologies in the immediate future, which will benefit all our clients and end-users. Longer term, it will allow us to strengthen our position in the marketplace and move forward with our medium term expansion strategies in Europe and the US, advancing and growing the XL Group to its next level of development.”
Peter Maenhout from Gimv-XL said, “This is one of those Flemish companies that may not be known to the general public, but in its sector is world-famous as one of the biggest names in the world of concerts and events.”
For more information, please visit www.xlvideo.tv
