EUROPALCO establishes a partnership agreement with NEW Audiovisuais and AV Tech
Europalco, the national leader in comprehensive solutions for events and shows, announces that it has established a capital partnership agreement with New Audiovisuais and AV Tech, two renowned companies operating primarily in the Greater Porto region. Through this partnership, Europalco initiates its geographical expansion project, achieving a relevant position in the market of the northern region of the country.
"This capital partnership will allow for the development of larger and more robust solutions for our clients, enabling broader coverage of our services in terms of scale and geographic location," says Pedro Magalhães, CEO of Europalco.
The leading events company in Portugal identifies strong growth potential in the New Audiovisuais and AV Tech Group, which adds value and translates into reality the regional expansion plan and business segment diversification, while maintaining a focus on excellence and constant innovation in the market.
"This project is only the beginning, and we anticipate replicating this model in other geographic locations and business segments," adds Pedro Magalhães. "We are very pleased and motivated to align ourselves with Europalco in this winning project. We share the same values, and that will be crucial for successfully achieving our objectives. We believe it will be the start of a journey that will transform our industry," reveals João Cardoso, CEO of New Audiovisuais and AV Tech.
After its foundation 26 years ago, the Portuguese company reinforces its prominent position in the industry, creating conditions for the growth of this business universe, as well as the professional development of its employees, who will continue to play a central role in Europalco's strategy, establishing itself as a hub for attracting and retaining talent in this sector.