Acquisition of Majority Stake
Ad pepper media International N.V. (ad pepper) has signed agreements to purchase a 14.48% stake in the solute Holding GmbH & Co. KG (solute). The total acquisition cost amounts to EUR 3.47 million, paid in cash.
Transaction Details
The sellers include Sutter Telefonbuchverlag GmbH, .wtv Württemberger Medien GmbH & Co. KG, Rudolf Röser Verlag und Informationsdienste AG, and Verlag Hans Lück GmbH. The completion of the transactions is subject to cartel approval, seller governance approval, and other standard closing conditions.
Ownership Consolidation
Upon completion, ad pepper will hold a total of 58.86% ownership in solute, establishing a majority stake in the target company. The consolidation of the ownership is expected to take place in the second quarter of 2025.
Financial Performance
Solute reported a 2024 revenue of approximately EUR 44.7 million with an EBITDA of EUR 3.9 million. The company operates without debt.
Future Expansion
Ad pepper intends to conduct open discussions with additional solute shareholders to potentially increase its ownership to a qualified majority stake of 75%.
About ad pepper media International N.V.
Ad pepper media International N.V. is a company based in Nuremberg, Germany, and Amsterdam. For further information, please contact Dr. Jens Körner, CEO.
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