Secuoya reinforces its international strategy in the audiovisual field with the offer of BGL

Secuoya incorporates the technology of the audiovisual engineering company BGL into its portfolio, after acquiring the 55% of your capital. With this operation it hopes to enhance its international expansion.

Sequoia Group has acquired the 55% of BGL Audiovisual Engineering, company specialized in the design and execution of audiovisual projects with a client portfolio oriented toward museums, auditoriums, universities, theaters and television channels.

The operation has been carried out as a direct acquisition by the Secuoya Group of the 55% of BGL's capital to the company's original shareholders, the Gil Pérez family. Both partners have reached an agreement to provide additional funds to boost BGL's international growth and expansion plan..

Through this operation, Secuoya continues its process of growth and sectoral aggregation that began after the incorporation of venture capital N+1 Mercapital to Secuoya's shareholders in October 2012.

Founded in 1968, BGL has specialized in the design of broadcast audiovisual engineering projects (TV and radio installations, post-production, news editing systems, continuity, virtual scenery, ENG…), having diversified its activities in recent years towards a type of value-added projects where the technological and innovative component is key.

In the international arena, The company has managed to position itself as a benchmark in audiovisual engineering, carrying out emblematic projects such as the Boris Yeltsin Museum in Yekaterinburg (Russia; currently running), the Qatar History Museum, the Russian Pavilion at the Korea Expo 2012, the Nigerian Library Museum or the Treasures of Aga Khan exhibition in Istanbul (Türkiye). In the same way, develops its business in Algeria and other Maghreb countries through its subsidiary BIP Systems. This positioning allows Secuoya to expand its operations to numerous countries on several continents., thus fulfilling one of the main strategic objectives of diversification of the group.

Also, The BGL group has carried out relevant technical implementations in communication operators in Spain (Telemadrid, Aragon Radio…), public institutions (Madrid Assembly, Cortes of Aragon, Valencian Courts, parliaments of Andalusia, Estremadura, La Rioja and Navarra…), congress palaces (Catalonia, Valencia, San Sebastian Kursaal, Huesca, Tarragona…), theaters (Madrid Canal Theater, Royal Theater of Madrid, Caja Granada Theater…), universities (Zaragoza, Valencia Polytechnic), hotels (Barcelona Sky Habitat, ME of Madrid, Mandarin Oriental of Barcelona, Meliá Castilla de Madrid…) and other diverse clients.

Outsourcing in autonomous regions

Another notable strategic aspect is the fact that BGL exploits 8 UTEs y dos joint ventures (in association with partners such as the Heraldo group) through which it provides outsourcing services to clients such as RTVE, Channel On, IB3 or Aragón Television. In this way, The operation expands Secuoya's outsourcing portfolio, which already had a strong presence in this market.

Regarding the management of the company, the current chief executive of BGL, Angel Gil, will continue to be linked to it, leading the development and internationalization process. In your own words, This operation “represents a great strategic leap for BGL, that united to a group like Secuoya, allows us to strengthen not only the financial capacity to respond to the growing demand of our clients, that ask us to undertake more ambitious and larger projects, but also expands our commercial portfolio in a market in which the demand for comprehensive services is increasing.”.

For your part, the executive president of Secuoya, Raúl Berdones, has highlighted “the extraordinary complementarities between both companies, especially in relation to the international vocation of both and the commitment to commercial and productive innovation. In recent years, BGL has managed to generate an audiovisual engineering model with great added value and international development with great projection that fits perfectly with our strategic plan.. With the support of Secuoya, we can set ambitious goals for BGL with great confidence”.