Trinity Mirror PLC
02 April 2008
Trinity Mirror plc acquires Rippleffect Studio Limited
Trinity Mirror plc is pleased to announce the acquisition of Rippleffect Studio
Limited, an award winning online web design and development agency. It was
acquired for an initial consideration of £3.2 million plus a deferred
consideration of up to £2.6 million which is wholly conditional on the
achievement of specified operating targets over the next three years.
Rippleffect Studio Limited is expected to generate revenues of around £3 million
in its first year of ownership.
Rippleffect is a market leader in the development and operation of sport,
leisure and retail websites in the UK and will enable Trinity Mirror to rapidly
build on its existing businesses in this area.
Sly Bailey, Trinity Mirror CEO, said: 'This acquisition brings together Trinity
Mirror's specialist sports publications and Rippleffect's specialist sports web
development under one roof enabling us to substantially grow our revenues in
this important sector.'
Enquiries:
Trinity Mirror
Nick Fullagar, Director Corporate Communications 020 7293 3622
Maitland
Neil Bennett 020 7379 5151
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