Delling Group PLC
30 July 2007
For Release 7:00am 30 July 2007
DELLING GROUP PLC (DLG.L)
The AIM-listed marketing support services group
Acquisition of Company in Sweden
Delling Group PLC ('Delling' or the 'Company'), the only listed marketing
support services group on AIM whose principal assets are in Scandinavia,
announces that it has exchanged contracts to acquire the business of
Dekorateljen AB ('Ateljen'), a privately owned company, with completion
scheduled for 1 September 2007, for a cash consideration of approximately £0.2
million. Ateljen has an annual turnover of approximately £0.5 million.
The consideration payable of approximately £0.2 million is equivalent to
approximately 4 times Ateljen's average pre-tax profit over its last 3 financial
years. 60 % of the consideration will be paid on completion and 40 % will be
paid 14 months after completion subject to certain agreed targets.
Ateljens's employees will be integrated into Delling's main office in Stockholm,
and will be a part of the exhibition business area. The integration will create
cost benefits and synergies from September 2007. The customer base of Ateljen
includes some of the leading trade unions in Sweden. The Directors believe that
there is a great potential for further developing Ateljens customer base. The
acquisition is also expected to help to improve our ability to support further
strong growth with our existing and new customers.
Commenting, Aksel Bratvedt, Executive Chairman, Delling Group, said: 'This
in-fill acquisition fits into our business and should have a positive impact on
our revenues going forward. We continue to increase market share in this sector.
We are now steadily seeing the positive effects on the growing economy in
Scandinavia and at the same time taking a larger market share. As we now are in
a period where our main focus is to improve our margins we intend only to do
small fill-in acquisitions which are expected to rapidly improve our margins and
enable us to reduce costs .As previously announced I firmly believe that this
work will now begin to have a substantial impact on our overall performance.'
For further information please contact:
Delling Group Plc
Aksel Bratvedt, Chairman Tel: 020 7484 5663
www.dellinggroup.com
Adventis Financial PR
Tarquin Edwards / Chris Steele Tel: 020 7034 4758 / 9
Seymour Pierce
Nicola Marrin Tel: 020 7107 8000
Notes to Editors
Delling Group is a leading supplier of marketing support services for marketing
and communication departments throughout The Nordic countries.
Delling manages all fields of graphic support in many different forms and
formats including trade fairs, exhibitions and interactive digital solutions for
the web, mobile telephone marketing solutions, motion media for flat screens,
plasma or LCD.
It also supplies IT solutions which support and increase the efficiency of both
marketing and information departments. However, its major strength is that the
Group can deliver complete turnkey solutions, tailor-made for its customers'
every need. Delling also offers outsourcing solutions that can substantially
save costs and improve efficiency.
The Group's major activities are today concentrated in the Norwegian and Swedish
markets, however, it is quickly expanding into other Nordic areas, as well as
having customers and production facilities in Eastern Europe. It also has well
respected suppliers as far a field as China and Thailand.
Delling Group has today 130 employees. It is rapidly developing its organisation
by focusing on supplying its customers with the quality they demand, delivered
on time at the right price. Central to its philosophy lies the fact that its
customers will obtain greater effects and efficiency for every pound they invest
in marketing and information. The Group has strong growth, both through further
development of existing clients and establishment of many new relationships,
together with acquiring companies that enhance and further develop our business
concept.
Delling's goal is within the course of the next two years, through both
satisfied customers and recommendations, to be the largest and most profitable
company in the field of marketing support services within the Nordic countries,
and a significant player within Eastern Europe. In October 2004 it was the first
Scandinavian business to be listed on the Alternative Investment Market, the
London Stock Exchange's international market for smaller growing companies. This
has given Delling the access it needs to capital funds needed to maintain and
strengthen the further development of the Group.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.