BELGIUM: As PSN-e was being completed this week, it was announced that PE Group, an independent Belgian private equity investment company, has acquired 50% of major audio-visual hire specialist AED Rent. The move will accelerate AED's development of its market position and network on an international scale, as PE injects five million euros into the operation, writes Dave Robinson.
AED Rent nv ("AED Rent") was founded in 1987 by Glenn Roggeman and Eddy Van Nuffel and has developed into a leading European company and network providing rental service of mainly sound, light and video equipment for professional technical service providers such as rental companies.
With an experienced staff of around 100, AED Rent has, besides its activities in Belgium, also a strong international activity and presence in the Netherlands, France and Germany.
AED Rent's inventory equates to 30 kilometres of trussing, 3.5 million watts of PA equipment, more than 15,000 light projectors, and hundreds of km of cabling. It has experienced strong growth in recent years: in 2006 the consolidated EBITDA exceeded five million euros. The company was in the pages of Pro Sound News Europe in October as it invested in 80 QSC Audio PowerLight 3 amplifiers. Ths picture shows AED's Eddy van Nuffel (left) with Piet Verstraete and Koen Conaerts.
"This new partnership will allow us to maintain our annual investment rate of 15 million euros for the next three years," says Glenn Roggeman.
PE Group's present portfolio includes investment in the Dekabo group (horizontal drilling) and Ecodis nv (water disinfection technology).
Web » www.aedrent.be