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Mojo Barriers Acquired by EVAGO Group
EVAGO AG, German event infrastructure provider, has acquired 100% of the shares in Mojo Barriers’ global crowd barrier business.
The EVAGO Group, which includes German full service event company BÜMO, has taken a significant step in its expansion to become one of the world’s largest players in the growing live events market. By adding the Mojo Barriers range to its portfolio EVAGO Group also secures access to important international crowd management and event infrastructure markets.
Goran Marincic, CEO, EVAGO AG states: “Thanks to this strategic acquisition, we will continue to strengthen our position in the international market over the long term and advance our growing event infrastructure capabilities with the global stock and team of Mojo Barriers. Renowned for quality, flexibility, knowledge, experience and reliability worldwide, we are delighted to welcome a strong brand that matches our group perfectly, which will accelerate the growth of both companies.”
Mojo Barriers, the leading provider of aluminium barriers worldwide for over 25 years, will remain a stand-alone company offering a comprehensive assortment of high quality, reliable crowd management solutions for festivals, tours, fashion shows, political, sports, corporate and cultural events.
Alex Borger, CEO, Mojo Barriers comments: “We will continue to strengthen our market position as part of the EVAGO Group. The event infra-structure market is growing and is full of opportunities so I am confident future investments will allow our research and development department to continue to develop our product range to take advantages of those opportunities. Our customers and employees will benefit from the fact that Mojo Barriers is now part of a larger group of companies.”
Mojo’s main office locations in the Netherlands, United Kingdom, USA and Australia along with distributors in 20 other countries will continue to offer its global customers the same Mojo Barriers’ products. The additional resources of the EVAGO Group bolsters the range of products and services they can offer clients.
Cees Muurling, outgoing co-owner says: “The EVAGO Group provides Mojo Barriers with a strong strategic partner and a new structure to develop the company. I am convinced that all sides will greatly benefit from this acquisition.”
This past summer, Mojo Barriers successfully supported tours by The Red Hot Chili Peppers (‘The Getaway World Tour’), Bruce Springsteen (‘The River Tour 2016’), Rihanna (‘The Anti’ World Tour’) and MUSE (‘Drones World Tour’), among others.
Hedwig de Meyer, outgoing co-owner concludes: “Mojo Barriers’ products and employees represent quality and reliability. EVAGO’s values were very important to us when selecting a future owner and I am happy that we have found a great match. We will continue to remain closely connected to Mojo Barriers in the future and will continue to provide advice and assistance.”
In picture: Bernd Loy (EVAGO Group, COO), Lorenz Schmid (EVAGO Group, CFO), Goran Marincic (EVAGO Group, CEO), Alex Borger (Mojo Barriers, CEO), Cees Muurling (seller), Hedwig de Meyer (seller).
19th January 2017
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