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4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Perform Group Ltd    PER   GB00B3M55Q47

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Perform Group Ltd : Perform acquires leading Dutch football site

03/05/2013 | 02:19am US/Eastern

5 March 2013

Perform acquires leading Dutch football site

Perform Group plc ("Perform"), the global market leader in the distribution and commercialisation of sports content across connected digital platforms, announces that it has acquired Voetbalzone.nl ("Voetbalzone"), the number one independent sports site in the Netherlands.

The acquisition will be for an initial consideration of €2.0m with an additional contingent consideration of up to €10.5m payable based on the EBITDA of Voetbalzone for the years to 31 December 2013, 2014 and 2015.

Voetbalzone covers all the news from the world of football and is the number one independent sports site in the Netherlands attracting an average of 2m unique users per month, and ranked as the 6th largest sport site on comScore.

The combination of Voetbalzone, ePlayer and Perform's Goal.com/nl will position the Group as one of the leading players in the digital sports market in the Netherlands.

Oliver Slipper, joint CEO of Perform commented: "We are delighted to have announced the acquisition of Voetbalzone. The Dutch market is extremely exciting and one of the leading media markets in Europe and this acquisition really positions us a strong player here. We have set out a growth strategy focused on augmenting Perform's strong organic growth with selective acquisitions including 'local champions' and today's announcement is an excellent example of us executing this strategy."

Enquiries

Perform Group plc                                                                                          0203 372 0600

David Surtees, Chief Financial Officer

Tulchan Communications                                                                              020 7353 4200

Stephen Malthouse

James Macey White

About Perform

Perform is a global market leader in the commercialisation of multimedia sports content across multiple platforms.  Perform owns one of the largest portfolios of digital sports rights in the world, through contracts relating to more than 200 sports leagues, tournaments and events.  The management is focused on driving profitable, organic, earnings growth through leveraging its content across new digital platforms, new products and across new geographies, taking advantage of favourable technology trends such as growth in digital media consumption and online video viewership.  In April 2011, Perform floated on the London Stock Exchange.


This information is provided by RNS
The company news service from the London Stock Exchange
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