euro adhoc: Goldbach Media AG
Joint Ventures/Cooperation/Collaboration /
Goldbach Media expands into Southeastern Europe
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Company Information
31.03.2008
Acquisition of online advertising sales representative in Croatia and Slovenia - Expansion of international presence - Plans further ex-pansion in the region
Küsnacht, March 31st 2008. Goldbach Media Group, the leading advertising sales representative for private electronic, interactive and mobile media in Switzerland acqui-res a majority share of A.D. Projekti d.o.o.. The company A.D. Projekti, through its subsidiaries, AdOn Internet Medijski in Croatia and I Media d.o.o. in Slovenai, is the leading sales house for online advertising and search engine marketing in the region. With this acquisition the Goldbach Media Group extends its existing international presence in Germany and Austria into Southeastern Europe as a strong basis for further growth in the Adriatic region.
The Goldbach Media Group acquires 70% of the A. D. Projekti d.o.o. in Croatia, a holding with a 50% stake in AdOn Internet Medijski Servisi in Zagreb, Croatia, and 100% of I Media d.o.o. in Ljubljana, Slovenia. Both companies operate profitably with 2.7 Mio. Swiss Francs in revenue in 2007. The newly acquired companies will operate under the AdLINK brand and will be fully integrated into the European AdLINK network. Both companies are market leaders in their respective markets. Vedran Bilos, Managing Director of A.D Projekti d.o.o. will remain in his position as Managing Director and will hold a stake of 10% in the company. An additional 20% will remain with Norbert Rom, a enterpreneur from Vorarlberg region. DZS the publicly traded Slovenian Publishing Group will keep its 50% stake in AdOn Internet Medijski Servisi in Zagreb. The transaction is expected to close within the next weeks and the parties have agreed not to make the purchase price public.
"The acquisition and the subsequent integration of the Croatian and Slovenian companies will further solidify Goldbach Media´s position as the leading service provider for advertising logistics for electronic, interactive and mobile media with a strong position in Southeastern Europe," says Goldbach Media CEO, Klaus Kappeler.
Further information on www.goldbachmedia.ch / Bereich Investor Relation / Publikationen / Medienmitteilung (31.03.200) : Goldbach Media expands into Southeastern Europe
end of announcement euro adhoc
Further inquiry note:
Goldbach Media Group
Klaus Kappeler, CEO
Phone: +41 44 914 91 10
Fax: +41 44 914 93 60
Branche: Media
ISIN: CH0004870942
WKN: 487094
Index: SPI, SPIEX
Börsen: SWX Swiss Exchange / official dealing