Sweden, 2015-02-18 11:35 CET (GLOBE NEWSWIRE) --
ZetaDisplay has entered into an agreement to acquire Marketmedia Oy, which is the largest supplier of Digital Signage in Finland. This investment is a further increment in ZetaDisplay's efforts to become established as a leading supplier of Digital Signage in the European market. Together with ZetaDisplay's existing operations in Finland, this joint business will take up a more leading position, with a very strong client base. The Marketmedia client base includes, among others, Veikkaus (the Finnish national betting agency), Tikkurila, Starkki, Stockman and Onninen. By means of this acquisition ZetaDisplay will significantly increase its growth and continue to be an active player in the consolidation of the industry.
The background to the acquisition of Marketmedia
ZetaDisplay is today a leading supplier to major chains in the retailing and service sectors. The company has 40 or so employees, and sales offices located in Sweden, Denmark, Norway, Finland, Estonia and the Netherlands. ZetaDisplay has a large installed client base in the European market, with such clients as Mercedes-Benz, Volkswagen, HEMA, TeamSportia, ICA, Hesburger, KotiPizza, Euromaster, Vianor, MIO and many more.
Marketmedia is Finland's largest and leading supplier of Digital Signage, with over ten years’ experience in the industry and about fifteen employees. Marketmedia has a strong position within retail and a leading position within the gaming market, where the company has implemented extensive installations for Veikkaus (the Finnish national betting agency).
For 2014 Marketmedia had a turnover of 3.4 M€ (approx. 32 MSEK), with a positive EBITDA-result of 0.4 M€ (approx. 3.7 MSEK) and an operating profit of 0.26 M€ (approx. 2.4 MSEK).
”The acquisition of Marketmedia is in line with ZetaDisplay's growth plan to ensure in the future there will be strong growth with profitability. With the strong position of MARKETMEDIA in the gaming market, we are also broadening our offer with a new vertical dimension which we will offer to clients in more markets in Europe. By means of this acquisition ZetaDisplay is creating a business that is continuing its growth progress towards the goal of being a profitable leading supplier in Europe of Digital Signage," states Leif Liljebrunn, CEO of ZetaDisplay.
”For over ten years Marketmedia has been building up to a strong position in the Finnish market, with a strong offer to a broad client base. It is Marketmedia's and especially customers best interest, that through consolidation companies with unique value proposition can grow up as full service solution providers. Together with ZetaDisplay this is becoming a reality, and we can offer extensive solutions to our existing and new customers.” says Valtteri Simola, Chairman of the Board of Marketmedia.
Implementation of the acquisition of Marketmedia
The acquisition of Marketmedia is to take place by ZetaDisplay acquiring all shares in Marketmedia by a cash payment amounting to approx. 2 M€ (approx. 18.6 MSEK). ZetaDisplay intends to finance the acquisition through debt financing via, among others, banks and other lending institutions. Payment for the shares is scheduled for March 2015.
Advisers
Fredersen Advokatbyrå is the legal advisor to ZetaDisplay in connection with the acquisition.
For more information please contact:
ZetaDisplay AB (publ)
CEO Leif Liljebrunn
Telephone: +46 70 845 80 52
E-mail: leif.liljebrunn@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a leading supplier of Digital Signage to major chains in the retailing and service sectors of the European market. The head office is in Sweden and there are sales offices located in Denmark, Norway, Finland, Estonia and the Netherlands. Since April 2011 the company's shares have been traded on NASDAQ OMX First North Premier, using the ZETA abbreviation. The Certified Adviser is Erik Penser Bankaktiebolag. More information can be found at http://www.zetadisplay.com
About Digital Signage and multi-channel communication
ZetaDisplay defines Digital Signage as a system for advertising, profiling and retail store communication, which forwards audio, images and film related to retail stores and information in the public environment. A Swedish name for Digital Signage translates as digital retailing communications. Solutions based on digital displays form a large part of the market, but development is proceeding towards the utilisation of more digital channels to communicate customer offers and other information. This is a matter of solutions that are integrated into social media and web sites, and apps for smart mobile phones and tablets which create interaction with customers. Development is also progressing towards integrating solutions with retailers' cash desks for automatic price updating and the automatic switching of offers on the digital displays.
