This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Deals Labels & Publishers
German live firm takes controlling stake in Kilimanjaro
By Chris Cooke | Published on Monday 12 May 2014
The independent live firm Kilimanjaro announced a deal on Friday which will see German company DEAG take a controlling stake in the business. Led by Stuart Galbraith, Kilimanjaro once had AEG Live as its main business partner, but has been in independent ownership for a while now.
Confirming the new deal, Galbraith, who will continue to run his firm as well as offering expertise to the new parent company, told CMU: “This is an exciting time for Kilimanjaro. We have always operated as an independent promoter and this deal allows us to continue to do so whilst benefiting from the support and reach of being affiliated with an organisation such as DEAG. We already have a lot of exciting projects in place for 2014 and this deal will mean that our customers and supporters can expect the same and more in 2015. It’s a time for growth and investment in our core regular projects whilst looking for interesting opportunities wherever they arise”.
Meanwhile Detlef Kornett, Executive Board Member of DEAG, added: “This is a further strong stride into the UK market for us with a strong and well respected partner helping us to double our turnover in this market. We are also hoping that opportunities with exciting artists and tours for Germany, Austria and Switzerland will arise”.
