EUROPALCO announced major investments in three dynamic Portuguese companies: Rise, NEW Audiovisuais, and AV Tech, marking a significant step towards geographic expansion and technological advancement in the events industry.
Founded in 2012, Rise quickly became a reference option for companies looking for innovation in their events. NEW Audiovisuals, established in 2017, specialises in the rental of audiovisual systems and technical support for events and AVTECH, founded in 2016, is an audiovisual engineering company that designs and implements integrated solutions for various venues, including auditoriums, hotels and commercial spaces.
Filinto Francisco, CEO of Rise, expressed his enthusiasm for the agreement: “We are delighted to embark on this transformative journey with Europalco. Together, we anticipate unprecedented growth and value creation in the events industry.”
João Cardoso, CEO of NEW Audiovisuais and AV Tech, shared similar sentiments: “We are very happy to partner with Europalco on this transformational journey. Together, we share a commitment to innovation and excellence, and we are confident that our collaboration will redefine the standards of our industry.”
Pedro Magalhães, CEO of Europalco, underlined the importance of these partnerships: “Our teaming with Rise, NEW Audiovisuals and AV Tech allows us to enhance our service offering and geographic presence, ensuring that we continue to meet the evolving needs of our customers with excellence and innovation”.
Furthermore, Europalco’s negotiations for the acquisition of two additional companies in 2024 signify its unwavering dedication to expanding its presence in key regions of Portugal.
