Special Effects International Ltd. expands global presence to Dubai
Internationally acclaimed event service provider Special Effects has acquired ownership in the Dubai-based Kraftwerk Design & Production agency, expanding its market presence in Europe, the United States and Asia to the Arabic markets.
Zsolt Kassai
A number of successful acquisitions have contributed to the growth of Special Effects. Through this partnership, in addition to penetrating a new market, the company will also transform its graphic and event design services into an independent line of business, according to a press release sent to the Budapest Business Journal.
"This acquisition is part of our business development strategy to increase our international presence," explains Zsolt Kassai, CEO of Special Effects Ltd. "Special Effects is globally renowned for its bespoke, high-quality services. From now on, our local production capacities will enable us to provide full-scale technical, installation and design services both in the UAE and other GCC countries."
Building on the creativity of European professionals, Kraftwerk Design & Production is a specialist in designing full visual concepts. Since its foundation in 2015, the agency has designed and constructed stages and installations, created interactive solutions and developed audiovisual content for numerous multinational companies. From the alliance with Special Effects, Kraftwerk expects to broaden its range of services and to increase market share.
The two companies had collaborated on a series of projects before joining forces. This allowed both parties to explore their shared values and to find synergies to build a lucrative business partnership.
"As a result of the acquisition, we are establishing a new creative design division to deliver an even wider variety of solutions to our existing and new clients," adds Kassai.
Kraftwerk management and operations will not change, while both companies plan to grow their teams in sales and creative design.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
2/3 of Hungarians Have Basic Expectation of Home Office
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
