Econocom Takes Majority Stake in ICT AG, Becomes Europe’s Top Digital Signage Player

Econocom is acquiring 70 percent of ICT AG. With this move, the Belgian/French IT group will generate 300 million euros in revenue from ProAV and digital signage alone, making it the clear market leader in Europe.

ICT is a German company that employs 160 people and is known for ProAV rentals and fixed digital signage installations, among other things. With annual sales of around €40 million, the company is one of the few bigger suppliers in the German digital signage market – a market still very much defined by SMEs. This makes ICT a rare gem for Econocom to add to its growing portfolio.

For more background on the deal, read these articles on Sixteen:Nine’s sister page invidis:

• • M&A: Econocom Acquires Majority Stake in ICT
  • Background on Econocom: The IT Integrator with ProAV DNA
  • invidis Analysis: Pan-European Market Consolidation