wedish business communication company Intellecta AB (OMX Stockholm: ICTA B) said on Friday (11 July) that it has agreed to acquire Hil-Anders Advertis
Posted by Mark Dev at 3:03 PMwedish business communication company Intellecta AB (OMX Stockholm: ICTA B) said on Friday (11 July) that it has agreed to acquire Hil-Anders Advertising Agency AB (Hilanders).
The purchase consideration comprises a fixed cash part of SEK20m and additional payments based on future performance.
in connection with the acquisition the sellers have also agreed to acquire Intellecta shares for a total of SEK2.4m on the OMX Nordic Exchanges.
Hilanders is Sweden's leading B2B agency and is expected to achieve revenue of SEK80m in 2008.
The acquisition will strengthen Intellecta's offering especially within market communication.
Intellecta, headquartered in Stockholm, Sweden, provides agency and information logistics services to companies in Sweden and Denmark. The company has some 450 employees and reported revenue of SEK471m in 2007.
One British pound (GBP) is worth approximately 11.86 Swedish kronor (SEK).
Labels: B2B Suppliers, B2B Agency, B2b Business, B2b Manufacturers
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