Citymesh and TymNet consolidate market share in events sector with acquisition
Citymesh Flex, the branch responsible for temporary networks at Citymesh, is growing solidly and acquiring TymNet. Previously competitors, later partners and now a complete acquisition. Thanks to the acquisition, Citymesh gains a bunch of extra knowledge, experience and exciting customers (productions such as Rammstein, Ed Sheeran, Memorial Van Dammme), allowing them to grab an even bigger market share within the events sector. Another big step in the hefty growth Citymesh is going through.
"The events sector is evolving at lightning speed and a stable, fast connection is a must-have today. Just think of the huge rise of cashless payments at festivals in recent years," said Carlo Waelens, General Manager Citymesh Flex. "We have the knowledge of Private LTE, closed networks, hardware and connectivity, while TymNet can add a large network and a lot of operational experience. Previously we worked together successfully, on Rammstein in Ostend, among others, but by structure we actually remained competitors. That will now change, a logical decision, to further strengthen our market position together."
"It is with confidence in the future that I have chosen to pass TymNet to Citymesh, in order to strengthen our position in the market and support our current and new customers even more professionally. I believe in the motto that we are stronger together and am convinced that the combination of our two know-how is the perfect combination for any event in Belgium and far beyond, from small to XXL," adds Giovanni Desramault, CTO TymNet.
With the acquisition, Citymesh Flex gains many exciting customers. Not only in the sports world (Memorial Van Damme, Cyclo crossen, Rugby events, Antwerp Ten Miles...), but also the music and festival world (Rammstein, Live Is Live, Rolling Stones, Coldplay, Ed Sheeran, ...) they are putting their foot further down.
"With this acquisition, we immediately gain an office and warehouse in Leuven, which allows us to respond even faster to our customers who are already located all over Belgium. In this way, we are making a mark on the temporary networks market," Waelens concludes. "Our eyes are now also pointed abroad. We keep going."
