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ACTION PRESS AG action press AG: action press acquires ddp: one of the world's largest photo agencies has been created in Germany

Directive transparence : information réglementée

02/09/2021 15:30

DGAP-Ad-hoc: action press AG / Key word(s): Takeover
action press AG: action press acquires ddp: one of the world's largest photo agencies has been created in Germany

02-Sep-2021 / 15:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc Release

action press acquires ddp: one of the world's largest photo agencies has been created in Germany

Frankfurt am Main/Hamburg, September 2, 2021 - action press AG (Frankfurt am Main), parent company of action press international GmbH, a media agency founded in Hamburg in 1970, today signed a purchase agreement to acquire 100% of the shares in ddp Media GmbH (Hamburg).

ddp photo agency group includes ddp media GmbH (Hamburg), laif Agentur für Photos & Reportagen GmbH (Cologne) and Stella Pictures AB (Stockholm) companies as well as Picture Press, Intertopics and FoodCentrale photo agency brands.

The acquisition of ddp media GmbH, now part of action press AG, significantly expands the range of services offered by the action press group. With photo and video reports as well as features from all over the world, studio portraits of well-known personalities from politics, business and society, high-quality travel, creative and title productions, food content and recipe services as well as photo syndication for publishers such as The New York Times, USA today, The Sun, The Times, The Sunday Times, Mondadori Photo, Gruner & Jahr and the Klambt media group, the editorial range of services will be significantly expanded. The management of action press expects a positive contribution to Group's earnings in the first financial year after the completion of the takeover due to synergy effects.

The purchase price of a mid-single-digit million amount will be financed from existing liquidity and newly raised debt capital, which will be provided, among others, by the shareholder Deutsche Balaton AG (Heidelberg) via a bond.

 


02-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: action press AG
Wielandstr. 3
60318 Frankfurt am Main
Germany
Phone: +49 (0)69-15200320
E-mail: moritz.hunzinger@actionpress.de
Internet: https://www.actionpress.de/
ISIN: DE000A2TSNU7
WKN: A2TSNU
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1230900

 
End of Announcement DGAP News Service

1230900  02-Sep-2021 CET/CEST

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