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Benchmark International Successfully Facilitated the Transaction Between Ecco Cine Supply and Service GmbH and HFO Holding GmbH
July 26, 2024
Benchmark International, a leading M&A boutique consultancy, is pleased to announce the acquisition of Ecco Cine Supply and Service by HFO Holding headed by managing director Garland Hansmann (CFA), a seasoned investment professional with extensive experience in senior management roles within investment firms. This strategic acquisition marks a significant milestone for both parties, securing Ecco Cine Supply and Service’s long-term future in the cinema technology market.
Founded in 2015 by industry veteran Thomas Ruettgers, Ecco Cine Supply and Service specializes in comprehensive planning, delivery, installation, and after-sales service for cinema projection, sound, stage technology, and seating. The company stands out as a premium supplier, offering end-to-end solutions for both new and existing film theatre projects. Notably, Ecco Cine Supply and Service has successfully installed multiple multiplex cinemas across Germany, Austria, and Switzerland, featuring state-of-the-art screens, projection systems, sound, and immersive motion technology. With long-term service agreements covering approximately 400 cinema screens, Ecco Cine Supply and Service ensures maximum up-time for its clients.
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This acquisition aligns with HFO Holding’s focus on acquiring small businesses in succession situations. Garland Hansmann stated: "We are very pleased to have acquired Ecco Cine Supply and Service GmbH. From our first meeting with Thomas Ruettgers, it was clear we shared common values and a vision for the company’s future. We appreciate Benchmark International for facilitating this investment opportunity with utmost professionalism.”
Thomas Ruettgers will continue to lead Ecco Cine Supply and Service as Managing Director. Expressing confidence in the new partnership, he stated: “With HFO's and Garland’s support, we can now refocus our energy on strategic projects that extend beyond the next few years.”
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