AEG Facilities mega merger a ‘game changer’

AEG has announced a merger of AEG Facilities, of which venues including ICC Sydney, Qudos Bank Arena and Brisbane Entertainment Centre are managed via the Australian entity AEG Ogden, and Los Angeles based SMG to create a new global management company – ASM Global.

The regional Asia-Pacific head office for ASM Global will remain in Australia under the leadership of AEG Ogden’s executive team.

AEG Ogden currently manages convention and exhibition centres in Brisbane, Cairns, Darwin, Kuala Lumpur, Oman, and ICC Sydney; indoor entertainment arenas including Sydney’s Qudos Bank Arena, Brisbane Entertainment Centre and adjacent Sports Centre, the Newcastle Entertainment Centre, RAC Arena in Perth, and Dubai Arena (opening April 2019); and Suncorp Stadium in Brisbane. AEG Ogden is also progressing the new Brisbane Live arena and entertainment precinct for Brisbane.

These venues will become part of the ASM stable of 310 arenas, stadia, convention centres and theatres across five continents.

AEG Ogden chairman and CEO Harvey Lister said the merger will be a true “game changer” for the industry.

“[It] will deliver significantly positive outcomes to our operations at our venues,” he said. “In the meantime, its business as usual.”

Wes Westley, CEO and president of SMG, said the merger is a “major step for our industry”.

“We are excited to bring together these complementary businesses to further elevate the standard of excellence in venue management,” he said. “We plan to accelerate innovation by combining our expertise to deliver increased value and offer enhanced capabilities to municipalities and venue owners worldwide. At the same time, we expect that this transaction will offer employees at both our corporate headquarters and field operations tremendous new opportunities.”