Goldbach Media takes over online marketer in Southeast Europe
The Goldbach Media Group is acquiring two online marketing companies in Croatia and Slovenia. These acquisitions are intended to kickstart further growth in the region.
The Goldbach Media Group is taking over two online marketers in Croatia and Slovenia. The marketer is acquiring a 70 percent stake in the Croatian holding company A.D.Projekti. The latter holds 50 percent of the Croatian AdOn Internet Medijski Servisi and 100 percent of the Slovenian I Media d.o.o. The two companies are profitable and generated sales of around CHF 2.7 million in 2007, Goldbach Media announced on Monday. With the takeover, Goldbach complements its existing international portfolio in Austria and Germany with a strong base in South-Eastern Europe, from which further growth in the Adriatic economic region is planned. The acquisition is expected to be completed in the coming weeks.
The two companies have a leading market position in online marketing in their home markets and will strengthen the European Adlink network under the Adlink brand.
According to Goldbach, the investment will be the starting signal for further growth in the region. "We want to use this strong foundation to develop the entire Adriatic economic area in Macedonia, Bosnia-Herzegovina and Serbia through cooperation," Goldbach CEO Klaus Kappeler is quoted as saying.
The two companies have a leading market position in online marketing in their home markets and will strengthen the European Adlink network under the Adlink brand.
According to Goldbach, the investment will be the starting signal for further growth in the region. "We want to use this strong foundation to develop the entire Adriatic economic area in Macedonia, Bosnia-Herzegovina and Serbia through cooperation," Goldbach CEO Klaus Kappeler is quoted as saying.
