Panostaja Oyj
PANOSTAJA ACQUIRES DMP–DIGITAL MEDIA PARTNERS OY AND STRENGTHENS ITS MARKET POSITION IN THE DIGITAL PRINTING SERVICES BUSINESS AREA
Panostaja Oyj 04.12.2012 10:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Panostaja Oyj Stock Exchange Bulletin, December 4, 2012, 11:00 am PANOSTAJA ACQUIRES DMP-DIGITAL MEDIA PARTNERS OY AND STRENGTHENS ITS MARKET POSITION IN THE DIGITAL PRINTING SERVICES BUSINESS AREA Panostaja Oyj's subsidiary Digiprint Finland Oy has acquired the entire share capital of DMP-Digital Media Partners Oy. The DMP Group offers a range of printing, publishing and production services for marketing communications. The corporate acquisition extends Panostaja's business area specializing in digital printing services that already includes the Kopijyvä Group. The net sales of the DMP Group for the financial year ending in July 2012 totaled MEUR 15.2, and the company employs approximately 79 people. The sale price of the shares is MEUR 13.7. 'The acquisition will strengthen our strategy. Kopijyvä and DMP are growing and profitable enterprises, and the consortium will be a leading player and pioneer in the field. Our goal is to develop Kopijyvä and DMP into an even stronger national operator and to internationalize their business activities. Currently, the printing field is undergoing many changes. With this acquisition, we bring new concepts, services and operating models into the sector,' says Panostaja CEO Juha Sarsama. 'Kopijyvä and DMP complement each other very well with their competences, services and geographical presence. The technology used at Kopijyvä has strengthened its position as a leading company in its field in Finland. DMP provides new and innovative knowhow, and its brand is highly esteemed in Finland. With this acquisition, we shall bring together the best marketing operators,' CEO Juha Sarsama says. In the financial period of 2010/2011, the combined net sales of Kopijyvä and DMP were some MEUR 44, and they employ a total of approximately 400 people. The DMP-Digital Media Partners Group specializes in marketing communications, both in digital media and paper format. The company provides a wide selection of services ranging from prepress imaging, structural and layout design, and reproduction works to printing and publishing services, digital marketing, web-based material management services, as well as direct marketing services. As a result of the reorganization, Panostaja will own approximately 56% of the total share capital of Digiprint Finland Oy. As part of the reorganization, the shareholders of DMP-Digital Media Partners Oy will become minority shareholders in Digiprint Finland Oy. After the conclusion of the reorganization, Digiprint Finland Oy owns Kopijyvä Oy and DMP-Digital Media Partners Oy entirely. Kopijyvä Oy CEO Heimo Viinanen will continue as the CEO of Kopijyvä Oy and Digiprint Finland Oy as well as a major shareholder. Jyrki Narinen will continue as the CEO of DMP-Digital Media Partners Oy. The DMP-Digital Media Partners Group is estimated to be consolidated with Panostaja from the beginning of December 2012. In the financial periods of August 1, 2011-July, 31 2012 and August 1, 2010-July 31, 2011, the DMP-Digital Media Partners Group's net sales and EBIT were as follows (in accordance with the Finnish Accounting Standards): (in thousands of euros) August 1, 2011-July 31, 2012 August 1, 2010-July 31, 2011 Net sales 15,174 12,221 EBIT 2,278 1,183 The balances in the consolidated financial statements on July 31, 2012 and July 31, 2011 were as follows: (in thousands of euros) July 31, 2012 July 31, 2011 Permanent assets 1,236 1,113 Stocks 147 138 Receivables and financial assets 4,046 2,676 Total 5,429 3,927 Equity 3,549 2,184 Minority interest 202 9 Liabilities 1,678 1,734 Total 5,429 3,927 The acquisition has no impact on the result management given on October 29, 2012. Panostaja Oyj Juha Sarsama CEO Further information: CEO Juha Sarsama 040 774 2099 Panostaja is an investment company developing Finnish SMEs in the role of an active major shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. The Panostaja Group employs approximately 1,200 people. Panostaja's shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange. In the 2011 financial year, the Group's net sales totaled MEUR 163.2. www.panostaja.fi Kopijyvä Oy a leading Finnish company providing digital printing and publishing services. The company has extensive experience in copying and the production of construction drawings, posters, large-format products and four-color as well as black-and-white printing products. In the 2011 financial year, the Group's net sales totaled MEUR 31.5, and it employs 325 staff. www.kopijyva.fi DMP-Digital Media Partners Oy is a pre-media company, founded in 2004, that provides various prepress services as well as marketing communication services from brochures to campaign websites. The company's head office is located in Helsinki. In the financial year ending in July 2012, the Group's net sales totaled MEUR 15.2, and it employs 79 staff. www.dmp.fi News Source: NASDAQ OMX 04.12.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Panostaja Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009800361 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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