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Mergers & Acquisitions | 28 January 2013

Hinduja Group Buys Struggling European Media Firm Alfacam

by Paritosh Gajjar
Hinduja Group Buys Struggling European Media Firm Alfacam
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Hinduja Group, the global conglomerate with interests across banking, automobile, trading and media has agreed to buy Belgian TV production company, Alfacam.

While proving an opportunity for the buyer and a lifeline for the seller, the details of the acquisition was not disclosed.

Based out of U.K, the deal would facilitate Hinduja group enhance its presence across Europe and cross-sell content between the nations.

Alfacam is known for providing TV services to broadcasters and production houses and is a well-known name when it comes to broadcasting of films and major sports and entertainment events. The firm got short-lived flight when it was appointed to film the recent London Olympic Games and the European Football Championships in Poland and Ukraine.

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