AVE Group

Our History

Our History

From then to today.

Audio Visual (Audio Visual Companies SA) was founded in 1982, as a Video Film Distribution Company in Greece and Cyprus.

Since then, it has penetrated widely in the entertainment and technology industry as a set of companies covering a wide range of strategic activities (cinema, video, television, amusement parks, technology, etc.)

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History

Key milestones that defined
Group's course until today

1982

Establishment of AVE

Establishment of AVE and creation of the first complete video cassette studio in Greece.

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2003

Entry into new markets

Acquisition of Power Music as well as Ster Cinemas.

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2004

Allou! Fun Park

Acquisition of 42% of Allou Fun Park, the largest theme park in Greece, in Renti.

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2005

Entry into new markets

Acquisition of Perspective SA At the same time, the trading of the Company's shares begins under the name Audio and Icon Companies SA, in the Television & Entertainment sector, in the Parallel Market of the Athens Stock Exchange.

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2006

Purchase of a majority stake

Acquisition of a 9% stake in Hellenic Amusement Parks Company, raising its stake in the said Subsidiary to 51%.

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2011

Purchase of a majority stake

AVE acquires 50% of IGE S.A.

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2013

Full acquisition of IGE S.A

AVE is also proceeding with the acquisition of the remaining percentage (50%) of IGE S.A., making the Company a full member of the group.

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2015

Purchase of a majority stake

AVE acquires 51% of the shares of Samaras SA.

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2016

Establishment of Odeon Entertainment S.A

Odeon Entertainment A.E. The management of the cinemas is transferred from the companies Odeon Cinemas & Ster Cinemas to the new Company.

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2017

Acquisition of the share capital of Allou Fun Park

AVE, since December 2017, participates in the share capital of "Allou Fun Park Hellenic Amusement Parks SA" at a rate of 100%.

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2019

Acquisition of the Kristelcom Group of Companies

AVE acquires the Kristelcom Group of Companies (Teleunicom SA, Teleunicom Cyprus LTD, Globalsat SA, Globalsat Cyprus LTD). At the same time, the Group is being restructured through mergers.

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Who we are

The Group of Companies with a
diverse range of Activity

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