Ebiquity - Acquisition

Ebiquity, the media monitoring data and consulting provider, announced the acquisition of Faulkner Media Management Pty Ltd for an initial cash consideration of £2.5 million together with performance based deferred consideration of up to circa £1.2 million.

Founded in 1998, Faulkner is the leading media analytics consultancy business in Australia. It has over 60 clients, and sales of £3.1 million.

The acquisition will be earnings enhancing in the first full financial year following completion.

The EBQ share price has increased by 3.5% over the last year.

Ebiquity Plc is currently graded b by LCF Research. To learn more, follow the link.