Keystone acquires stake in EQ Media
The Swiss picture agencies Keystone and EQ Media will cooperate closely in the future. As was reported in a press release on Friday, Keystone will acquire a stake in EQ Media. No details were given regarding the size of the stake or the price.
The Swiss picture agencies Keystone and EQ Media will cooperate closely in the future. As was reported in a press release on Friday, Keystone will acquire a stake in EQ Media. No details were given regarding the size of the stake or the price.
The aim of the collaboration is to join forces to offer optimal products for the Swiss market in a difficult economic environment, according to the two companies.
Initially, the business areas and product portfolios of the two companies are to be aligned. However, the form in which production and product range will be merged or supplemented has not yet been determined. Keystone currently employs 72 people and generated sales of around CHF 16 million last year, while EQ currently has 15 employees.
Keystone has been owned by the Austrian national news agency APA and the Swiss SDA since last year.
The aim of the collaboration is to join forces to offer optimal products for the Swiss market in a difficult economic environment, according to the two companies.
Initially, the business areas and product portfolios of the two companies are to be aligned. However, the form in which production and product range will be merged or supplemented has not yet been determined. Keystone currently employs 72 people and generated sales of around CHF 16 million last year, while EQ currently has 15 employees.
Keystone has been owned by the Austrian national news agency APA and the Swiss SDA since last year.
