Belgium-based Alfacam has emerged from bankruptcy protection, with French EuroMedia Group paying €25 million for the assorted assets which includes its huge fleet of OB trucks, the largest in the world. Alfacam’s studios in Lint, Belgium are not covered by the sale.
Alfacam was started in 1985 by Gabriel Fehervari and in recent years has been at the forefront of covering events like the Olympic Games, World Cup football and live music events. The business failed when it tried to launch its own dedicated channel.
EuroMedia already has a 74-truck fleet of OB vehicles, and 92 stand-alone studios throughout Europe.
Alfacam’s debtors include the Flemish regional government which guaranteed some €16.4 million, and debts to various banks to the tune of €20.5 million.