Media has agreed to acquire Econsultancy, a digital marketing
information provider, for an initial consideration of £12m.
Econsultancy is a digital and events-led information provider to the global digital marketing and e-commerce community in the UK, with a growing presence in the USA, Middle East, Asia and Australia.
The acquisition is subject to shareholder approval, and seen as a key part of the strategy to transform the group into a predominantly digital and events-led business.
Centaur would pay £12m, with a deferred consideration of up to £38m due in 2016, based on EBITDA performance for the year ending December 2015.
Econsultancy has approximately 110,000 registered users and 5,000 subscribers. In the financial year to 31 December 2011, it reported revenues of £6.6m, up 50 per cent year-on-year.
"The earnings enhancing acquisition of Econsultancy provides us with an exciting opportunity to acquire a leading information brand in a high growth sector with global potential," said Centaur chief executive Geoff Wilmot.
"Econsultancy is highly complementary with Centaur and gives us a prominent position in the rapidly growing digital marketing sector with the opportunity to scale internationally. We see considerable potential for collaborative growth through leveraging our existing position in marketing and the development of high value, paid-for information products."
It is proposed that Econsultancy will form part of Centaur’s business information division, but will work closely with its exhibitions division, with the intention of establishing Econsultancy as the "digital marketing expert" for the wider marketing community,
Got a story for Conference News? Email us: email@example.com
22 June 12
New £333m AECC given the go-ahead by Aberdeen council
Aberdeen council has approved the latest plans for a new £333m Aberdeen Exhibition and Conference Centre (AECC).... ...read more
Inntel’s Green journey wins official backing
A travel firm has underlined its commitment to Green... ...read more
Maritz brings drp into its global meetings network
Maritz Travel Company, which consists of Maritz Travel Meetings & Incentives and Experient has selected Worcestershire-based drp as a new partner for the UK in its global... ...read more
New ESSA chairman and vice-chair take their seats
Perton Signs’ director Andrew Kennedy has stepped up from vice-chair role at the Event Supplier and Services Association (ESSA) to replace GES executive chairman... ...read more
Record rebook and 22% rise in visitors for Event Production Show
The 2015 Event Production Show has reported a record exhibitor re-book and visitor numbers 22 per cent higher than in... ...read more