Kistefos has signed an agreement to acquire Digitale Medier 1881 AS from Amedia, enhancing its digital services portfolio while integrating with its existing operations in the directory market.
Target Company Overview
Kistefos has officially signed an agreement with Amedia to acquire Digitale Medier 1881 AS through a wholly-owned subsidiary. Digitale Medier 1881 specializes in digital directory services and operates platforms such as 1881.no, eiendomspriser.no, and regnskapstall.no. The company is projected to achieve revenues exceeding 180 million NOK this year, accompanied by a gross operating profit of over 38 million NOK.
Following the acquisition, the transaction will be reported to the Competition Authority, with both parties awaiting regulatory approval before finalizing the deal. The takeover is anticipated to occur in the first quarter of 2017.
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Industry Overview in Norway
Digitale Medier 1881 (1881.no) will be integrated with the operations of Opplysningen 1881 thanks to this transaction. Kistefos has been a stakeholder in Opplysningen 1881 since 2007 and plans to own and further develop both companies moving forward. Digita
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Kistefos
invested in
Digitale Medier 1881 AS
in 2017
in a Buy & Build / Roll-Up deal
Disclosed details
Revenue: $22M
EBITDA: $4M