Communisis has announced the acquisitions of Jacaranda Productions and Public Creative in an effort to expand its offering to include video, film and digital capabilities.
The deal to acquire video and film production specialist, Jacaranda will be worth around £1.5m in total, including £0.9m in cash and through 913,242 ordinary shares worth £0.6m, and a further aggregate amount of £0.5m depending on the gross profit generated over a three year period.
Meanwhile, the deal to acquire Public Creative is worth around £400,000, including £0.35m in cash publish surplus cash of around £0.04m.
Andy Blundell, CEO of Communisis, said: “Jacaranda and Read full story ›
Source: The Drum
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