XL Video Group Holdings has secured a 19 million Euro investment from Gimv-XL, an independent European investment company. XL says that the new money will enable the international video rental operation to “stay at the forefront of the fast-moving technological world of live entertainment visuals”.
with over 30 years experience in private equity and venture capital projects is listed on Euronext Brussels. It has taken up this fantastic and very exciting opportunity of becoming a new shareholder in the dynamic XL Video Group, which includes XL’s global video rental enterprises and also its LED and product design and manufacturing arm, XL Technologies.
XL’s CEO and co-founder René De Keijzer said: “We are all very enthusiastic about the new partnership and the opportunities that Gimv coming onboard will bring. 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 comments, “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”.
Founded in 1996, the XL Group is a market leader in live production video rentals covering multiple sectors of the professional entertainment and leisure industries – including concerts and touring, theatre and the arts, conferences, corporate events and presentations.