Goldbach Media Acquires a Majority Stake in German Company Arbomedia
Advertising agency Goldbach Media has acquired control of Arbomedia, a German media marketing company with a strong presence in Eastern Europe. According to the company, the move is intended to make it the number one online media advertising agency in Eastern Europe.
Advertising agency Goldbach Media has taken control of the German media agency Arbomedia and already holds 72.7 percent of its shares. Goldbach is therefore making a mandatory tender offer to the shareholders. The total amount for the acquisition of 100 percent of the shares would be approximately 35 million euros.
According to the press release, Arbomedia holds a leading position in online advertising sales in Eastern Europe. With the integration of Arbomedia’s leading companies in Poland, the Czech Republic, and Romania, as well as its emerging business in Russia, the company will become the number one player in online media advertising in Eastern Europe, according to a press release from Goldbach Media.
Arbomedia has been listed on the German stock exchange since 2000 and, with 497 employees, generated revenue of 76.6 million euros in 2007. Goldbach Media, which has been listed on the Swiss Stock Exchange (SWX) since June 2007, increased its revenue by about 19 percent to 237 million Swiss francs in 2007 with 189 employees. Operating income amounted to 17.8 million Swiss francs.
According to the press release, Arbomedia holds a leading position in online advertising sales in Eastern Europe. With the integration of Arbomedia’s leading companies in Poland, the Czech Republic, and Romania, as well as its emerging business in Russia, the company will become the number one player in online media advertising in Eastern Europe, according to a press release from Goldbach Media.
Arbomedia has been listed on the German stock exchange since 2000 and, with 497 employees, generated revenue of 76.6 million euros in 2007. Goldbach Media, which has been listed on the Swiss Stock Exchange (SWX) since June 2007, increased its revenue by about 19 percent to 237 million Swiss francs in 2007 with 189 employees. Operating income amounted to 17.8 million Swiss francs.
