Find Companies:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Digital Cinema Technology Aug. 20, 2017
Register & Log in
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1939 Baird

Skip Navigation LinksStart/Menu > Find Press Releases > Refresh this page
Paris (France) and Valencia (Spain)—Oct 29, 2015

Ymagis Successfully Completes Acquisition of Spanish Cinema Integrator Proyecson

YMAGIS (ISIN: FR0011471291, TICKER: MAGIS), the European specialist in digital technologies for the motion picture industry, today announces the completion of its acquisition of Proyecson SA, a leading Spanish cinema integrator specializing in the installation and maintenance of cinema equipment. Both organizations disclosed the signing of a letter of intent at last June’s CineEurope convention. 
 
Under the terms of the agreement, YMAGIS owns a 51% stake in Proyecson. Standing shareholder Francisco Lafuente Serra has been appointed General Manager of Exhibitor Services in Spain and Portugal and retains the remaining shares (49%). He reports to Till Cussmann, Vice President Exhibitor Services of YMAGIS Group. 
 
“We are thrilled to conclude this transaction, which is at the core of our business development strategy for cinema exhibitors in Spain,” said Jean Mizrahi, President and Chief Executive Officer of YMAGIS Group. 
 
For Francisco Lafuente Serra, “This partnership with a group like YMAGIS is a new milestone in Proyecson’s growth strategy and will allow us to offer cinema owners in the Iberian market a comprehensive portfolio of products and services.” 
 
Bolstered by this new alliance, YMAGIS Group offers cinema owners an extended range of services based on the experience and expertise of both companies. With this integration, YMAGIS Group now offers the same services in Spain as in the rest of Europe, benefiting from both large group synergies and local proximity to its customers. 
 
For close to sixty years, Proyecson has manufactured cinema projectors and equipment for movie exhibitors. The company has consistently adapted to the latest industry technologies to become a leading integrator in Spain, and has completed hundreds of digital cinema installations across Spain and Portugal, as well as provided auxiliary equipment. It has also developed innovative solutions implemented by third parties internationally. Among its latest contributions to the cinema industry are a silencer box for ‘boothless’ cinemas and automation systems. 
 
In 2014, Proyecson recorded revenues of EUR 8.3 million. Based in Valencia, the company maintains offices and sales agents across Spain (Madrid, Barcelona, Bilbao and Seville). Proyecson’s 35 employees today join the YMAGIS Group team.

About Ymagis Group: The Ymagis Group is a leader in advanced digital technology services for the cinema industry. Through CinemaNext and Eclair, the Group provides innovative solutions to movie exhibitors, distributors (feature films & event cinema), producers, right-holders, cinema/TV advertising networks, rights holders, broadcasters, VOD/S-VOD platform operators and video publishers. Ymagis Group Directory page
Similar Press Releases Search for press releases
Learn More About:
Countries: Spain More

Share this page:
More Ymagis Press Releases: Jul 10, 2017 Ymagis Group Announces Agreement with CineStar for Field and Customer Services at 52 Cinema Locations Jun 21, 2017 CinemaNext Announces Technology Licensing Agreement with Adaptive Technologies Group at CineEurope 2017 Jun 21, 2017 Eclair Announces Theatrical Delivery Agreement with Diagonal for Switzerland at CineEurope 2017 Jun 20, 2017 Ymagis Group Announces EclairColor-compliant Barco Projection Systems at CineEurope 2017 Jun 18, 2017 EclairColor HDR Presentations at CineEurope 2017 Jun 15, 2017 Ymagis Group Completes Agreement to Form CinemaNext North America with Texas-based Partner CinTech May 23, 2017 Eclair Announces Agreement with Gaumont for the Restoration of 100 Feature Films Apr 12, 2017 Ymagis Group to Launch Cinemanext North America with Texas-based Partner Cintech Mar 28, 2017 CinemaNext Signs Agreement with French Cinema Circuit Megarama for 15 Screens Equipped with EclairColor Mar 23, 2017 CinemaNext Equips 25 Screens in Germany with EclairColor HDR Technology for 30 March Release of James Gray’s The Lost City of Z Mar 21, 2017 CinemaNext Announces New Premium Format Cinema Concept Sphera at CinemaCon 2017 Mar 20, 2017 Eclair Announces International Launch of EclairPlay Download Platform Connecting Exhibitors & Content Owners Mar 15, 2017 CinemaNext and Eclair to Present New Revolutionary HDR Solution EclairColor at CinemaCon 2017 in Las Vegas Mar 9, 2017 Eclair and Art House Convergence Announce Strategic Partnership for Specialty Film & Event Cinema Distribution Feb 3, 2017 Ymagis Group Announces Re-Release of Damien Chazelle’s LA LA LAND in EclairColor in Berlin & Nuremberg Jan 23, 2017 Ymagis Group Announces Theatrical Release of Damien Chazelle’s LA LA LAND in EclairColor Jan 20, 2017 Ymagis Group Strengthens CinemaNext’s Exhibition Services in Turkey with New Business Partner Omega Cinema Systems Jan 13, 2017 Ymagis Group Concludes Acquisition of Italian Open Sky’s Theatrical Content Delivery Activities Jan 10, 2017 CinemaNext Equips Paris’ Pathé Wepler Cinema with EclairColor Technology for 11 January Release of Lisa Azuelos’ “Dalida” Dec 20, 2016 Ymagis Group Expands CinemaNext Activities in Eastern Europe with Belarusian Partner Kraftwerk More
©Copyright 2003 - 2017 WHMCC, LLC. All rights reserved.   | Contact | Terms of Use | Privacy Statement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
banner