Chargeurs Group announces the signing of an agreement for a major strategic acquisition in the museum services sector in the United States
The coming acquisition of the American leader, D&P Incorporated, will allow Chargeurs to position itself as the world leader in the high-growth market of integrated solutions and visitor experience services for museums around the world by bringing on board:
Chargeurs Museum Solutions now has the most worldwide comprehensive offer in museum installation services working with the major institutions, the curators, the world’s most renowned architects and designers and will represent more than €100 million in full-year revenue. It will exceed two years ahead its revenue target with an EBITDA in full-year of more than 14% and a recurring operating profit of more than 10%.
“The acquisition of D&P is a strategic turning point that will make Chargeurs the world champion in museum services, which is a fast-growing and very high value-added new experiential luxury market. Thanks to our Game Changer transformation plan, we will have succeeded in creating and leading a very high-growth global niche market and in offering our customers synergies and a range of unique end-to-end solutions in less than two years. The creation of Chargeurs Museum Solutions (CMS) will allow us to combine the cutting-edge expertise of our industrial and services star assets – Senfa Technologies and Chargeurs Creative Collection – for the world’s largest museums. D&P’s contribution will take CMS’s revenue over the €100 million mark two years ahead of schedule, with a full-year operating margin of 10% in 2020. Chargeurs will generate more than €750 million in full-year revenue this year,” said Michaël Fribourg, Chairman and Chief Executive Officer.
“The acquisition of D&P confirms our strategy to attract the best star assets and global team and is the next logical step after our recent deals and the creation of our museum division Chargeurs Creative Collection. The arrival of D&P and the Barnwell family alongside our flagship brands strengthens and confirms our commitment to providing the closest support possible to our customers across the entire value chain of museum projects. Backed by its network of experts and its global footprint, Chargeurs Museum Solutions is more than ever the leader to address the growing niche museum experiences market,” added Sampiero Lanfranchi, CEO & Managing Director of Chargeurs Museum Solutions.
“We are excited and pleased to be associated with Chargeurs, the new global leading museum services champion in our niche industry. This transaction not only lets Design and Production Inc. (D&P) continue our highest standards and delivery in the US museum market place, but will allow us to expand our global footprint. I am especially pleased that our great clients and signature projects will continue to be served day to day by myself, my family and all our existing and talented teams. The Chargeurs Museum Solutions’ team will give D&P additional resources to draw from and enable us to expand our US footprint as well as our historic presence in Lorton, Virginia, near Washington DC. We built our great reputation on taking on complex projects and our ability to always deliver on time and within budget. Our mandate is to continue, in link with the curators, the world’s renowned architects and designers to provide that level of service to the largest number of institutions.” said Jay Barnwell, CEO of D&P.
D&P, US LEADER IN TURNKEY SERVICES FOR MUSEUMS
D&P works hand-in-hand with the world’s most renowned architects and designers to provide iconic American museums with project management, and the production and implementation of innovative technology systems and services designed to revolutionize traditional museum design with a view to enhancing the visitor experience. For 70 years, D&P has been supporting the production of emblematic museum exhibits and exhibitions, positioning itself as the undisputed leader in the American market. The range of services offered by D&P spans each of the key stages in an exhibit’s production: prefabrication consulting, project management, scenography, exhibit engineering, prototyping, installation and commissioning, as well as media and lighting systems. D&P is a highly specialized organization with a team of more than 100 professionals. The head office includes 15,000 square meters of office space and production workshops close to Washington DC and major American museums.