Ymagis Group partners with Proyecson in Spain
Digital technology company Ymagis Group signed an agreement for the acquisition of a key shareholding in Proyecson SA, a leading Spanish cinema integrator. Proyecson, specializing in cinema installation and maintenance of digital-cinema equipment, is based out of Valencia and operates various offices and representations across Spain.
Under the terms of the agreement, subject to the usual conditions, Ymagis will acquire a 51% stake in Proyecson. On completion, Proyecson managing director Francisco Lafuente Serra will keep 49% of the share capital and remain in his current position.
This new partnership will offer cinema owners an extended range of services based on the experience of both companies. With the integration, Ymagis Group and Proyecson will together provide the same services in Spain as offered in the rest of Europe by the Ymagis Group, benefiting both from large group synergies and local proximity to its customers.
“With this new step, Ymagis Group completes its aspiration to provide its full range of services to Spanish cinema owners. Combining our knowledge and expertise with Proyecson’s team, we believe that we will continue to gain the trust of many local operators, being able to offer them a complete range of services and products, as we have been doing in other European territories,” commented Ymagis CEO and co-founder Jean Mizrahi.
"Since the beginning of the digital deployment in Spain, we have enjoyed a highly successful professional relationship with Ymagis and its Spanish team,” noted Lafuente Serra. “We are thrilled to become part of Ymagis Group, which will allow us to ensure continuity in the quality services we have been providing to our clients since my father founded the company in 1957. Our teams have been collaborating for quite some time now, and we look forward to being able to better serve the Spanish cinema community for many years to come.”