5th Sep 2013 09:20
LONDON (Alliance News) - Marketing communication company Communisis PLC Thursday said it has acquired content-marketing company Editions Publishing Limited for GBP7.1 million, including acquired cash of GBP1.2 million.
Excluding the cash that will come with Editions Publishing, the deal has an enterprise value of GBP5.9 million, including Editions Publishing Limited's net assets at completion, estimated at GBP0.2 million.
The consideration will be satisfied in cash of approximately GBP5.4 million and through the issue of 3.0 million Communisis shares valued at GBP1.7 million.
Communisis said Editions Publishing, trading as Editions Financial, had delivered in excess of 2,000 projects for more than 33 financial brands over 14 years, more than any other content marketing agency in the UK.
Communisis shares were trading at 57.74 pence Thursday morning, up 2.74 pence, or 5.0%.
By Anthony Tshibangu; [email protected];
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