Expanding its presence in Europe, UK-based global conglomerate Hinduja group has signed a deal to acquire Belgian media company Alfacam, which provides TV facilities and services to broadcasters and production houses.
Alfacam is best known for its broadcasting vehicles for filming and broadcasting of major sports and entertainment events. They were also used in a big way at the Olympic Games in London last year.
The Hinduja group would look to expand Alfacam’s services and businesses in different parts of the world, including India.
The deal was announced by NRI billionaire brothers Gopichand Hinduja and Prakash Hinduja, as well as Kris Peeters, minister-president of Flanders, the northern region of Belgium.
Details would be announced after the completion of all necessary terms and conditions.