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Avemio AG: Subsidiary Teltec AG increases stake in Poland and pushes with European expansion

Apr 6, 2023

Teltec AG, a trading group for professional film and television technology in the German-speaking market and a wholly-owned subsidiary of Avemio AG has increased its indirect company share in Janusz Rupik Professionelle Videotechnik Polska Sp. z o.o. , Siemianowice Slaskie, Poland. Avemio already held a 48.77 percent stake in PVP via the wholly-owned Teltec subsidiary VDH Video Data Handels GmbH, Hamburg. As a result of the current transaction, the indirect shareholding of Teltec AG and thus of Avemio AG in PVP increases to 95.30 percent. The remaining PVP shares are held by PVP founder and managing director Janusz Rupik, who, as a proven industry expert, will support the Avemio Group in a leading position, particularly in the expansion of the entire group’s trading business in Eastern Europe.

Janusz Rupik Professional Video Technology is a leading trading group for professional film and television technology in Poland with an established market positioning since its foundation in 1998. In the financial year 2021, PVP generated a turnover of more than 20 million zloty, which corresponds to approximately 4.3 million euros. The increase in the stake in PVP is part of the Avemio Group’s international expansion strategy. The Eastern European market in particular offers high growth potential due to the highly fragmented retail landscape in the professional film and television technology sector, which Avemio intends to exploit through active market consolidation.

Ralf P. Pfeffer, CEO of Avemio AG, explains: “PVP and Teltec already have a long-standing partnership. The acquisition of the majority is the logical step in a successful joint development over many years. It is the starting signal for the overdue market consolidation, which was delayed by the coronavirus crisis. For the Avemio Group, this is the first step in continuing our successful track record in consolidating the German-speaking region across Europe as part of our buy-and-build strategy. We want to become the European market leader, something that does not yet exist in the commercial retail sector for professional film and television equipment. This is a market worth billions for Avemio. In distribution, internationally positioned market participants are already making billions in sales.”

About Avemio AG

Avemio AG, with its wholly-owned subsidiary Teltec AG, is the trading group with the highest turnover for professional film and television technology in the German-speaking market. The object of the group of companies is the trade in professional film and television equipment, associated consumables and accessories. This also includes consulting and technical support for complete production, post-production and broadcasting systems. Teltec AG has a share capital of 3,297,000.00 euros. Teltec AG holds 100 % of the shares in each of the companies VCT Videocation Creative Tools GmbH, VDH Video Data Handels GmbH, VDT Video Data Technik GmbH, BPM Broadcast & Professional Media GmbH and achieves a turnover of approximately 100 million euros within the group. The share capital of Avemio AG is divided into 3,432,150 bearer shares, which are listed on the open market of the Dusseldorf Stock Exchange.

About Janusz Rupik Professionelle Videotechnik Polska Sp. z o.o

Janusz Rupik Professionelle Videotechnik Polska Sp. z o.o. is a renowned trading company for professional film and television technology in Poland, which has achieved a profound market positioning since its foundation in 1998. The company generated a turnover of more than 20 million zł in 2021 and now has a share capital of 1,552,500 zł.

Header Photo: Ralf P. Pfeffer, Board Chairman & CEO

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