Delling Group PLC
14 December 2006
For Release 7:00 am 14 December 2006
DELLING GROUP PLC (DLG.L)
The AIM-listed marketing support services group
Acquisition of Prepress 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 Domain of Graphics AB
('DOG'), a privately owned prepress company, with completion scheduled for 31
January 2007, for a cash consideration. DOG has an annual turnover of
approximately £0.56 million.
The consideration payable is approximately £0.21 million, equivalent to
approximately 3 times DOG's expected pre-tax profit during its last financial
year (1 July 2005 to 30 June 2006).
DOG's management team and employees will be integrated into Delling's main
office in Stockholm which will create cost benefits and synergies from January
2007. The Directors believe that the combined entity will support Delling's
ability to handle major new contract wins more efficiently.
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.'
For further information please contact:
Contact:
Delling Group Plc
Aksel Bratvedt, Chairman Tel: 020 7484 5663
www.dellinggroup.com
----------------------
Adventis Financial PR
Tarquin Edwards/Peter Binns Tel: 020 7034 4758/020 7034 4760
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.