RNS Number:1896L
Delling Group PLC
19 April 2005

For release                        7:00 am                       19th April 2005

                               Delling Group Plc
                          Two acquisitions in Norway


Delling Group ("Delling Group" or "the Company"), the marketing support services
group, announces that it has exchanged contracts to acquire two businesses in
Norway, Unikum Professional Imaging and Andre Worldwide Visual Communications,
for a total consideration of #100,000, or approximately one times pre-tax
profit. The acquisitions, which are due to complete on the 1 May 2005, will be
satisfied by either a cash payment of #50,000 or the assumption of #50,000 of
debt by the Company and the remainder of the consideration will be satisfied by
the issue of 139,586 new ordinary shares in the Company at a price of 30p per
share.

The acquired privately-owned businesses have a total turnover of approximately
#1m and a pre-tax profit of approximately #100,000. Unikum Professional Imaging
specialises in re-touch and scanning photographic work and high end poster
production. Andre Worldwide Visual Communications specialises in the creation of
exhibition stands. The new businesses, incorporating the assets and key
employees, will be fully integrated into Delling Group's current businesses in
Norway to exploit the customers demand for a "one shop" supplier in the
marketing support industry. The acquired businesses have a strong customer base.

Commenting on the acquisitions, Geir Lolleng, Chief Operating Officer of Delling
Group, said: "These acquisitions represent an excellent platform to support
Delling Group's strategy of strong organic growth and also exploit the demand
for fully serviced outsourced marketing. The deals have been structured in a way
to optimise the shareholder value and avoid unnecessary dilution for current
share holders."
Geir added: "Delling Group, in line with its strategy, has a number of ongoing
discussions regarding acquisitions that might or might not lead to deals in the
coming few months. These discussions relate to businesses that range in size
from #300,000 to #3m in turnover."

For further information please contact:

Delling Group Plc

Aksel Bradvedt, Chief Executive                        020 7010 8210
                                                       07766915245
Geir Lolleng, Chief Operating Officer                  020 7010 8210
                                                       +46 708 556 727
Binns & Co PR Ltd

Peter Binns                                            020 7153 1477
                                                       07768 392582
Hannah Sloane                                          020 7153 1480
                                                       07855 084713


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

END
ACQGUUGPCUPAGCR
Direct Line Insurance (LSE:DLG)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Direct Line Insurance Charts.
Direct Line Insurance (LSE:DLG)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Direct Line Insurance Charts.