Secuoya has added an audiovisual engineering company that specialises in international projects with high added value to its portfolio
Grupo Secuoya has acquired 55% of BGL Ingeniería Audiovisual, a company with a long track record and that specialises in the design and implementation of audiovisual projects with high added value and a wide scope for innovation. BGL has a large and diverse portfolio of national and international clients, including important television channels, theatres, museums, concert halls and universities in half a dozen countries.
The operation has been undertaken in such a way that Grupo Secuoya has directly acquired 55% of BGL’s capital share from the company’s original shareholders, the Gil Perez family. Both partners also agreed to allocate additional funds in order to boost BGL’s international growth and expansion plan. Through this operation, Secuoya continues growing by creating alliances within the sector, following the new shareholders N+1 Mercacapital’s investment of venture capital into the group’s capital share in October 2012. BGL was founded in 1968. The company specialises in audiovisual broadcast engineering projects (TV and radio facilities, postproduction, news editing systems, continuity, virtual studios, ENG, etc.). Over the last few years the company’s activities have become more diverse and have evolved towards projects with added value and where the technological and innovative components are key.
In the international arena, the company has managed to position itself as a leader in audiovisual engineering by carrying out projects as emblematical as the Boris Yeltsin Museum in Yekaterimburg (currently in progress), the History Museum of Qatar, the Russian Pavilion at the 2012 Korea Expo, Nigeria’s Museum Library and the Treasures of Aga Khan exhibition in Istanbul (Turkey). The company develops parallel business in Algeria and other countries in the Maghreb through its subsidiary BIP Systems. BGL’s positioning will allow Secuoya to expand its activities to several countries across different continents, thus fulfilling one of its main strategic goals in terms of group diversification.
Similarly, the BGL group has implemented important technical installations at communication operators across Spain, (Telemadrid, Aragón Radio…), state institutions (Parliament buildings in Madrid, Aragon, Valencia, Andalusia, Extremadura, La Rioja and Navarra among others), Conference Centres (Catalonia, Valencia, Kursaal de San Sebastián, Huesca, Tarragona…), Theatres (Teatro del Canal de Madrid, Teatro Real de Madrid, Teatro Caja Granada…), Universities, (Zaragoza University, Valencia Polytechnic), Hotels (Habitat Sky in Barcelona, ME in Madrid, Mandarin Oriental in Barcelona, Meliá Castilla de Madrid) among other different clients.
Another strategic aspect that is worth noting is the fact that BGL operates 8 temporary consortiums (Spanish UTEs) and an additional two joint ventures (in partnership with partners as influential as the Heraldo group), allowing them to outsource their services to clients such as RTVE, Canal Sur, IB3 and Aragon Television. This operation therefore significantly widens the catalogue of outsourced services at Secuoya, which is already leader of the national market.
As regards the company’s management, BGL’s current chief executive, Angel Gil, will continue to be at the head of business development and internalisation. In his own words, this operation “is a major strategic leap for BGL. By joining a group like Secuoya, we can strengthen not only our financial capacities to respond to our clients’ growing demands, who ask us to undertake a higher volume of more ambitious projects, but also to expand our commercial portfolio in a market in which the demand for comprehensive services is ever-increasing.”
The Executive Chairman of Secuoya, Raul Berdones, has in turn highlighted “the remarkable ways that the two companies complement each other, especially in relation to both companies’ international ambition and commitment to innovation in production and commerce. Over the last few years, BGL has managed to generate an audiovisual engineering model based on high added value, and international growth of high potential that fit in perfectly with our strategic plan. With the support of Secuoya, we are confident that we can set ambitious goals for BGL.” .