PRESS RELEASE
Luxemburg, 09/09/2022
DNXCORP SE
Acquisition of PK Multimedia
for €7.2 million
DNXcorp announces today the signing of a protocol for the acquisition of the company PK Multimedia BV in Holland.
PK Multimedia BV is the main commercial partner of DNXcorp, and since 2002 successfully operates brands broadcasting DNXcorp’s webcam services in affiliation. The strong reputation of these brands has allowed the Group to be the leader on the Dutch market.
PK Multimedia is therefore positioned as a business provider for DNXcorp, by referring visitors via its sites to the webcam platform of DNXcorp, which thus manages the activity generated in return for a commission on sales.
This acquisition will therefore not generate additional revenue for the DNXcorp Group, but will make it possible to eliminate the commissions usually paid on this revenue, with a direct positive impact on the Group’s operating profit. PK Multimedia generated an EBIT of €1.4 million in 2021.
The acquisition includes all of the brands and domain names, but does not include the takeover of employees, as the assets can easily be operated by the DNXcorp teams.
The purchase price amounts to 7.2 million Euros in cash, including 4 million paid on signature, and 3.2 million in vendor credit over a period of 2 years.
Next release:
H1 2022 Half-Year Revenue and Results
September 29, 2022 after closing
About DNXcorp
A European group specializing in the development and enhancement of audiences on the Internet, DNXcorp integrates all the key skills of the web: traffic generation, development of sites and services, multi-country payment solutions, video streaming technology, analysis CRM… This global expertise has enabled the Group to develop its own sites since 2000 in dynamic markets such as entertainment or dating….
Based in Luxembourg, with several European subsidiaries, the Group employs around fifty people. DNXcorp has been listed since 2019 on Euronext Growth Paris.
MNEMO Code: ALDNX
ISIN CODE: FR0010436584
Corporate website: www.dnxcorp.com
Contact DNXcorp: [email protected] + 352 27 00 28 00
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Full and original press release in PDF format:
https://www.actusnews.com/news/76169-cp-dnx-acquisition-pkm-09-09-22.pdf
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