- Global Leisure Group announces its third acquisition in eight months, expanding its presence to the Middle Eastern Region by the acquisition of HPS Play Company
- HPS Play Company is a leading company in the Middle East region Leisure and Entertainment space
- The acquisition will significantly enhance both companies’ commercial offerings and capabilities, and is an important step towards becoming the global market leader for Leisure & Play solutions
Global Leisure Group took in Accent Equity in 2020 to accelerate its expansion in new and existing geographies. The acquisition of HPS Play Company is an important step to grow the international footprint in the Leisure & Play segment as the acquisition marks the entry into the rapidly growing Middle Eastern region.
HPS Play Company is the leading company in Adventure Leisure Solutions for indoor and outdoor spaces in the Middle East region. With its headquarter in Dubai and a creative production facility in Abu Dhabi, HPS Play Company delivers a diverse range of turn-key entertainment concepts for Amusement & Theme Parks, shopping malls, Adventure Parks, Zoos, Hotels & Resorts and Airports.
The acquisition will allow Global Leisure Group to gain access to new customer segments by integrating HPS Play Company’s expertise in turn-key outdoor entertainment concepts for amusement & theme parks. Leveraging on Global Leisure Group’s production footprint and expertise in installation services and high-quality indoor play concepts, the combined group will deliver best-in-class concepts across the Leisure & Play areas.
Thomas Mitmannsgruber, CEO of HPS Play Company looks forward to the future co-operation with Global Leisure Group: “We see many opportunities in the market for the coming years but as a stand-alone company we were rather limited. By joining Global Leisure Groupe, we will increase the capacity, get access to financial solutions and a pile of new knowledge to draw from, which enables us to capitalize on far more opportunities that lie ahead.”
Mikael Wettergren, CEO of Global Leisure Group adds: “HPS Play Company has a profound knowledge of its local market and access to a wide network of partners and suppliers. By joining forces, we have the expertise and scale to jointly serve our customers around the globe with market-leading Leisure and Play Solutions and to be the market leader within this area.”For additional information, please contact:
Mikael Wettergren, CEO of Global Leisure Group AB, +46 70 922 84 08
Niklas Sloutski, Chairman of Global Leisure Group AB, and CEO and Partner of Accent Equity, +46 70 300 99 59
About Global Leisure Group:
Global Leisure Group is a market leader in full leisure and play concepts, currently existing out of a collaboration between several well-known leisure organizations. The Global Leisure Group has local presence and distributors all over the world.