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Hamburg Co. Devours Swedish Fest

HAMBURG, Germany (VIP NEWS) — German FKP Scorpio are acquiring the Hultsfred Festival in Sweden.

A top item of news discussed between delegates at Eurosonic Noorderslag 2011, was the move to expand his business activities into Sweden with his acquiring of Hultsfred Festival made by FKP Scorpio MD, Folkert Koopmans.

Folkert Koopmans has also managed to get the former Hultsfred promoter Gunnar Lagermann to run the office in Sweden.

Koopmans said to VIP-News, "I’ve known Gunnar for more than 20 years. Actually he, Leif Skov, Klaus Mack and I, among others, belong to the group that founded Yourope, which Christof Huber is still running today. Gunnar’s been out of business for a while. He wanted to do something different so I gave him a call and he was very interested in getting back in."

FKP Scorpio currently employs a team of 60 people and promotes 12 festivals including Hurricane and Southside, Mera Luna and Area4. According to Koopmans the festivals business segment contributes one-third to the total gross of FKP Scorpio. The company belongs to the CTS Eventim group of companies, but since last year Koopmans again holds the majority share in his company.