This study presents an audio-visual information fusion approach to sound event localization and detection (SELD) in low-resource scenarios. We aim at utilizing audio and video modality information through cross-modal learning and multi-modal fusion. First, we propose a cross-modal teacher-student learning (TSL) framework to transfer information from an audio-only teacher model, trained on a rich collection of audio data with multiple data augmentation techniques, to an audio-visual student model trained with only a limited set of multi-modal data. Next, we propose a two-stage audio-visual fusion strategy, consisting of an early feature fusion and a late video-guided decision fusion to exploit synergies between audio and video modalities. Finally, we introduce an innovative video pixel swapping (VPS) technique to extend an audio channel swapping (ACS) method to an audio-visual joint augmentation. Evaluation results on the Detection and Classification of Acoustic Scenes and Events (DCASE) 2023 Challenge data set demonstrate significant improvements in SELD performances. Furthermore, our submission to the SELD task of the DCASE 2023 Challenge ranks first place by effectively integrating the proposed techniques into a model ensemble.