Ymagis
Group (ISIN: FR0011471291 TICKER: MAGIS - PEA-PME eligible), the European specialist
in digital technologies for the cinema industry, today announced the
acquisition of Madrid-based Tecnison SA, one of Spain’s leading dubbing
services companies for cinema, television and multimedia. Under the terms of
the agreement, Ymagis Group, through its wholly-owned subsidiary Ymagis Spain
SLU, becomes the sole shareholder of Tecnison SA.
“Tecnison is a well-known and respected Spanish
services company that has been active in the business since 1974, working with all
major Hollywood studios and independent companies. Today’s successful
conclusion of this agreement marks a new milestone in growing our presence in
Spain,” said Jean Mizrahi, President and CEO of Ymagis Group. “With Tecnison, we
are strengthening Eclair’s versioning & accessibility division, which is
instrumental in executing our strategic objective of enhancing our market
position in Spain. This operation allows us to not only to enlarge our scope of
activities but also improve profitability in that region.”
"It's a great step forward for the entire Tecnison
team to be part of this ambitious project led by Eclair,” explains Ana Arbona,
Managing Director of Tecnicson. “These are exciting times with new challenges
and opportunities that we shall face with passion and professionalism as we've
done for years. As always, our objective is to serve our customers and give
them the best bespoke solutions. In joining the Eclair family, we have the opportunity to grow in a culture similar to ours, well-known
for quality, creativity and timeliness.”
"We are thrilled to have both Eclair and Tecnison
working together to provide services to the Spanish audiovisual industry, as we
constantly aspire to deliver best-in-class services,” said Angel Martin, Managing
Director of Eclair Spain. “Under the Eclair brand, both structures will join
efforts to offer one of the largest portfolios of integrated services in Spain
to producers and distributors ranging from postproduction, mastering,
versioning & accessibility including all content management needs
(theatrical delivery to cinemas and digital distribution to TV broadcasts and
VOD/SVOD platforms). With our new offices in Madrid, we now envision to open
new horizons in digital services and be closer than ever to our customers.”
Angel Martin will oversee operations alongside current
Managing Director Ana Arbona.
Tecnison is a market leader in dubbing services for cinema and
television, including localization, subtitling and mixing services (5.1, 7.1
and Dolby® Atmos). The company was founded in 1974 by Jose Luis Arbona and has
been managed by his daughter, Ana Arbona, for these past ten years. In 2008,
Tecnison completely renovated its facilities, which led in 2015 to the creation
of a new mixing room equipped with Dolby® Atmos sound technology with Dolby certification.
In 2015, Tecnison recorded revenue of EUR 4.3 million
(+26.5% over the prior year). Tecnison’s 42 full-time employees have now become
part of the Ymagis Group.
Ymagis Group operates two business units in Spain:
Eclair in Barcelona (Content Services - Postproduction and Theatrical Delivery
operating the largest network of connected cinemas in Spain and Portugal) and
Proyecson/CinemaNext in Valencia (Exhibitor Services).