EVS secures EUR 24 million financing over 7 years for its new headquarter and innovation center in Liege
(Thomson Reuters ONE) -
Publication on November 14, 2013, 12.00pm CET
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB),
Reuters (EVSB.BR)
EVS secures EUR 24 million financing over 7 years for its new headquarter and
innovation center in Liege
Liege, Belgium, November 14, 2013 - EVS Broadcast Equipment, the leading
provider of live video production systems, today announces it has secured the
long-term financing of its new headquarter and innovation centre in Liège.
As part of its long-term evolution, EVS is strengthening its Research and
Development and its overall organization by preparing the gathering of all its
Liège based employees in a new centralized facility. As a consequence of the
rapid growth over the last years, more than 315 staff are currently split over
6 different buildings on the Liege Science Park, which is not optimal for a
predominantly software development and big systems integration company.
The new facility (around 20.000 square meters) is divided into 6 levels, out of
which 3 are fully dedicated to innovation and project development where big
systems are not only developed but also assembled and tested before being
shipped across the globe. The global budget approximates EUR 45 million, after
deducting ERDF (European Regional Development Fund) subsidies granted by the
Walloon Region. The works started in autumn 2011 and shall be completed in
autumn 2014. By the end of September 2013, EUR 25.7 million have been already
invested (less EUR 3.5 million of subsidies booked at the same date). This
amount has been funded by strong organic cash generation while a bit less than
half of the project value will be financed through financial debt.
As part of this major project, EVS has signed today in Liege a EUR 24 million
credit facility with a consortium of 3 major banks over 7 years: European
Investment Bank (50%, EUR 12 million), ING Belgium (25%, EUR 6 million) and BNP
Paribas Fortis (25%, EUR 6 million). The first drawdown of EUR 8 million shall
happen by the end of November. The first repayment is planned early 2015 and the
last repayment shall occur in 2020.
Pim van Ballekom, EIB's Vice-President, said on the occasion of signature: "The
Growth Finance Initiative allows us to provide tailor-made financing solutions
to companies that invest above industry average in RDI-intensive sectors. With
its strong focus on research, development and innovation, EVS is an ideal
candidate for this new financial instrument".
"BNP Paribas Fortis is very happy to be able to co-finance the development of a
company such as EVS, flagship of the Belgian dynamism. More than ever, BNP
Paribas Fortis wants to be the key partner of entrepreneurs, in Belgium and in
the 80 countries where BNP Paribas is present," said Benoit Mélot, Area Manager
(Liège-Namur-Luxembourg) Commercial Banking at BNP Paribas Fortis.
Sébastien D'Hondt, Head of ING Corporate Clients Belgium added: "ING Belgium is
proud to contribute to the long term financing of EVS, through its new
headquarter project, and to support the company, that we consider as a real
Belgian technological flagship, in its future growth. Being present for our
business clients and supporting them with their good projects in society is an
important role that is key for us".
Joop Janssen, EVS' Chief Executive Officer: "We are very happy to have this
consortium to finance our ambitious vision, in particular the new state-of-the-
art headquarters which will enable us to improve internal communication and
interaction within the company".
Jacques Galloy, EVS' Chief Finance Officer: "We have identified EIB, ING and BNP
as financial partners for accompanying our developments through this EUR 24
million senior debt. They have a good understanding of our business, risks and
potential. They have been faithful partners to our group over the last decade,
amongst other with the EUR 150 million financing late 2008 of our 40% affiliate
dcinex, leader in pan-European Digital Cinema infrastructure deployment".
For more information, please contact:
Joop JANSSEN, Managing Director & CEO
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate
Communication
EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean,
B-4102 Seraing, Belgium
Tel: +32 4 361 70 14. E-mail:corpcom(at)evs.com; www.evs.com
Forward Looking Statements
This press release contains forward-looking statements with respect to the
business, financial condition, and results of operations of EVS and its
affiliates. These statements are based on the current expectations or beliefs
of EVS's management and are subject to a number of risks and uncertainties
that could cause actual results or performance of the Company to differ
materially from those contemplated in such forward-looking statements. These
risks and uncertainties relate to changes in technology and market
requirements, the company's concentration on one industry, decline in demand
for the company's products and those of its affiliates, inability to timely
develop and introduce new technologies, products and applications, and loss of
market share and pressure on pricing resulting from competition which could
cause the actual results or performance of the company to differ materially
from those contemplated in such forward-looking statements. EVS undertakes no
obligation to publicly release any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
About EVS
EVS provides its customers with reliable and innovative technology to enable
the production of live, enriched video programming, allowing them to work more
efficiently and boost their revenue streams. Its industry-leading broadcast
and media production systems are used by broadcasters, production companies,
post-production facilities, film studios, content owners and archive libraries
around the globe. It spans four key markets - Sports, Entertainment, News and
Media.
Founded in 1994, its innovative Live Slow Motion system revolutionized live
broadcasting. Its reliable and integrated tapeless solutions, based around its
market-leading XT server range, are now widely used to deliver live
productions worldwide. Today, it continues to develop practical innovations,
such as its C-Cast second-screen delivery platform, to help customers maximize
the value of their media content.
The company is headquartered in Belgium and has offices in Europe, the Middle
East, Asia and North America. Approximately 482 EVS professionals from 20
offices are selling its branded products in over 100 countries, and provide
customer support globally. EVS is a public company traded on Euronext
Brussels: EVS, ISIN: BE0003820371. For more information, please visit
www.evs.com.
dcinex, of which EVS owns 41.3%, is the European leader for Digital Cinema
technology and services in Europe with more than 5,500 committed digital
screens in Europe, out of which 3,700 have already been deployed.
www.dcinex.com.
Press release EIB:
http://hugin.info/133958/R/1743215/586305.pdf
Press release in pdf format:
http://hugin.info/133958/R/1743215/586304.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EVS Broadcast Equipment via Thomson Reuters ONE
[HUG#1743215]
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2013 - 12:04 Uhr
Sprache: Deutsch
News-ID 316697
Anzahl Zeichen: 8888
contact information:
Town:
Seraing
Kategorie:
Business News
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