Live Nation Entertainment : Ticketmaster International Acquires Belgium's Sherpa.be

LONDON, (9 Sept., 2014) - Ticketmaster, a division of Live Nation Entertainment, has today announced the acquisition of the Brussels-based

Belgian ticketing company Sherpa.be. Sherpa will join the Ticketmaster Belgium team, which launched earlier this year.

Founded in 2000 by Hubert Laterre, Sherpa has established itself in the Belgium live entertainment ticketing market, as the official ticket agent for a wide range of live events, theatres and festivals, with clients including the largest promoters such as Studio 100, Music Hall Group and Live Nation.

As part of the deal, Hubert Laterre will remain within the group, as Chairman of Ticketmaster Belgium. Hubert will work alongside Didier Decaestecker, who was appointed as Managing Director of Ticketmaster Belgium in January 2014.

Hubert Laterre said: "This is a great moment for Sherpa.be. Joining the most innovative ticket agent is the ultimate reward of years of work led by a team of dedicated professionals. Thanks to Ticketmaster, we will be able to explore new opportunities. I'm really looking forward to being part of the team as we enter this new phase of the company."

Didier Decaestecker, Managing Director at Ticketmaster Belgium, said: "This is a very exciting first year for Ticketmaster Belgium as we continue to expand our offering in the country."

Mark Yovich, President of Ticketmaster International, commented: "With operations in 14 European countries, this expansion in Belgium is another strategic step for Ticketmaster International as we continue to provide the most innovative products and services in the ticketing industry.

"We are pleased to be welcoming Hubert and look forward to working with the Sherpa.be team going forward."