XL Video Group Holdings Announces New Investor

XL Video Group Holdings has secured major new investment for the XL Group representing 19 million euros, which will ensure that its award-winning international video rental operation will stay at the forefront of the fast-moving technological world of live entertainment visuals.
Gimv-XL, an independent European investment company with over 30 years experience in private equity and venture capital projects is listed on Euronext Brussels. It has taken up this opportunity of becoming a new shareholder in 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 commented: "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."
XL Video boasts flexibility, quality and technical expertise. The people and their reputation make the difference. We believe this company has many growth opportunities. With Gimv-XL as a partner XL Video will play a leading role in the developments in its sector."
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, presentations and experientials.
XL offers technology and logistical expertise to facilitate a wide spectrum of innovative and creative projects. This vast pool of knowledge and talent has helped push the boundaries of imagination in this challenging field, creating new standards of excellence and building a client list that is second to none. This includes US, the Kings of Leon, Roger Waters etc; car manufacturers such as Daimler-Benz, Audi. Toyota & Nissan; special events like the Papal State Visit to the UK along with high profile sporting fixtures including MotoGP and Formula One… to name but a few.
(KMcA)