News agency DAPD swallows French Sipa Press
The German news agency DAPD has acquired the French photo agency Sipa Press from the Sud Communication media group.
DAPD views the takeover as a strategic investment to expand its European network, explained DAPD co-owner Peter Löw on Monday. According to SDA, the new owners have agreed not to disclose the purchase price. Sipa Press delivers 6,000 images a day to more than 40 countries and has historical archives.
The news agency group DAPD, with a turnover of 27 million euros, supplies around 700 customers with news in text, image and video formats. The German group emerged from the merger of the news agency DDP and the former German service of the US agency Associated Press (AP). (SDA)
