2nd Apr 2008 07:01
Trinity Mirror PLC02 April 2008 Trinity Mirror plc acquires Rippleffect Studio Limited Trinity Mirror plc is pleased to announce the acquisition of Rippleffect StudioLimited, an award winning online web design and development agency. It wasacquired for an initial consideration of £3.2 million plus a deferredconsideration of up to £2.6 million which is wholly conditional on theachievement of specified operating targets over the next three years. Rippleffect Studio Limited is expected to generate revenues of around £3 millionin its first year of ownership. Rippleffect is a market leader in the development and operation of sport,leisure and retail websites in the UK and will enable Trinity Mirror to rapidlybuild on its existing businesses in this area. Sly Bailey, Trinity Mirror CEO, said: "This acquisition brings together TrinityMirror's specialist sports publications and Rippleffect's specialist sports webdevelopment under one roof enabling us to substantially grow our revenues inthis important sector." Enquiries: Trinity MirrorNick Fullagar, Director Corporate Communications 020 7293 3622 MaitlandNeil Bennett 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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