DEAG snaps up Kilimanjaro

Live promoters and Sonisphere organiser Kilimanjaro has announced a that Germany's DEAG will take a controlling stake in the business. Confirming the new deal, founder Stuart Galbraith, who will continue to run his firm as well as offering expertise to the new parent company, said "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". 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".