Cegedim signs a heads of agreement to acquire Futuramedia Group
November 02 2016 - 12:30PM
Ongoing Regulated Information
Cegedim signs a heads of
agreement to acquire Futuramedia Group
Boulogne-Billancourt, November 2,
2016
Cegedim, an
innovative technology and services company, has signed a heads of
agreement to acquire Futuramedia Group. Cegedim already has a
presence in pharmacy communication activities via its subsidiary,
RNP, and the acquisition will bolster that activity by adding
Futuramedia, the French leader in digital signage in
pharmacies.
"We are
incredibly pleased with this sale, which is a major step forward in
the development of Futuramedia. The company has grown from a
pioneer into a leader in the French market for digital
communications in pharmacy chains, and joining forces with
Cegedim's RNP teams will accelerate Futuramedia's commercial and
technological development towards the goal of offering
pharmaceutical companies and pharmacies increasingly effective
solutions," said Guy Taieb, Futuramedia Group
founder and chairman.
Once the deal is completed,
Cegedim will be able to offer Futuramedia products and services to
all of the Group's pharmaceutical and cosmetics company clients and
partner pharmacies. This will benefit pharmaceutical companies'
advertising efforts, as the Group's media sales teams will have a
larger network of digital screens inside pharmacies.
"We are
delighted to be incorporating Futuramedia and its teams into the
Cegedim Group. The addition will boost our rapidly growing digital
activities," asserted Cegedim's Deputy Managing
Director Pierre Marucchi.
Last year, Futuramedia Group
generated revenues of around €5.4 million. The company will have a
beneficial impact on Cegedim Group margins and will begin
contributing to the Group's consolidation scope from December 1,
2016. Cegedim remains in compliance with all of its bank loan
covenants.
Futuramedia and its shareholders
were advised in the deal by the Ohana & Co investment bank and
by the law firm of Cover Avocats. Cegedim was advised by the law
firm of Ashurst.
Financial calendar
|
November 29, 2016, after market closing
December 14, 2016, at 1:30pm |
Q3 2016
earnings
7th Investor
Day |
Additional Information
This press release is available:
In French: http://www.cegedim.fr/finance
In English: http://www.cegedim.com/finance
To download the app, visit
http://www.cegedim.fr/finance/profil/Pages/CegedimIR.aspx. |
About Futuramedia:
A digital media sales specialist since 2004, Futuramedia has built
a network of point-of-sale digital screens. The company is a
pioneer in the sector in France, and has established itself as the
leader in digital communication in pharmacies. With more than 5,500
screens in pharmacies and their storefront windows, Futuramedia
boasts a flexible and attractive digital media offering that
reaches customers both inside and outside of the point of
sale.
To learn more, please visit: www.futuramedia.fr
About Cegedim:
Founded in 1969, Cegedim is an innovative technology and services
company in the field of digital data flow management for healthcare
ecosystems and B2B, and a business software publisher for
healthcare and insurance professionals. Cegedim employs more than
3,600 people in 11 countries and generated revenue of €426 million
in 2015. Cegedim SA is listed in Paris (EURONEXT: CGM).
To learn more, please visit: www.cegedim.com
And follow Cegedim on Twitter: @CegedimGroup and LinkedIn
|
Aude Balleydier
Cegedim Communications
Manager
and Media Relations
Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.com |
Jan Eryk Umiastowski
Cegedim
Chief Investment Officer
and Head of Investor Relations
Tel.: +33 (0)1 49 09 33 36
janeryk.umiastowski@cegedim.com |
Guillaume de Chamisso
PRPA Agency
Media Relations
Tel.: +33 (0)1 77 35 60 99
guillaume.dechamisso@prpa.fr |
Follow Cegedim:
|
Cegedim_AcquisitionFuturamedia_02112016_ENG
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cegedim SA via Globenewswire
Cegedim (EU:CGM)
Historical Stock Chart
From Sep 2024 to Oct 2024
Cegedim (EU:CGM)
Historical Stock Chart
From Oct 2023 to Oct 2024