on ABEO (EPA:ABEO)
ABEO Acquires ELI Play to Boost Growth in Sportainment
ABEO, a global supplier of sports and leisure equipment, has announced the acquisition of 70% of ELI Play. Based in the Netherlands, ELI Play designs, manufactures, and installs indoor leisure equipment like playgrounds and trampoline parks. With over 2,500 completed projects across Europe, ELI Play generated a revenue of €22 million in 2024.
This acquisition marks a strategic step for ABEO to strengthen its position in the Family Entertainment Centres (FEC) segment. ABEO aims to harness commercial, industrial, and technological synergies to drive growth. The enhanced offering will combine ABEO's brands with ELI Play's innovations.
The acquisition is financed through ABEO's current resources, with potential for further investment based on ELI Play's performance. ELI Play will be integrated starting June 2025, positioning ABEO for expansion in the European market.
R. H.
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