ZetaDisplay acquires Peakmedia – A leading Austrian digital signage company
September 19 2023 - 8:15AM
ZetaDisplay acquires Peakmedia – A leading Austrian digital signage
company
Malmö - ZetaDisplay AB (publ) acquires
Peakmedia digital signage GmbH, a leading Austrian digital signage
integrator. The acquisition is a decisive step for ZetaDisplay
towards further strengthening its significant market presence in
the DACH region and Europe. The deal will be accretive to EBITDA
and will be funded through the Group’s existing debt
facilities.
“We are now proactively continuing to drive the consolidation in
the European market for Digital Signage. This latest acquisition
complements our DACH platform to further fuel our growth and
quality ambitions. The Peakmedia team, in addition to strong
financial performance, add a matching entrepreneurial focus to the
group that will positively boost our ever-evolving business and
culture. I’m very excited to have them join the group”, comments
ZetaDisplay CEO, Per Mandorf
"Since our German acquisition in 2021, we have continuously
reviewed our strategy for expanding the DACH markets. With the
addition of Peakmedia to our subsidiary portfolio we’re adding
significant market presence to open up new opportunities across
DACH, but also in Southern and Eastern Europe and the Balkans where
Peakmedia has existing customers. Peakmedia also comes with an
attractive customer portfolio where we will align on collaborative
growth and expansion initiatives over time. Initially through joint
product and concept development, commercial co-operation and added
financial capacity.” Per Mandorf adds.
For Austrian Peakmedia the decision to team up with a larger
group is a natural process of the growth journey and Peakmedia’s
ambition to strengthen the market position and secure capacity to
service and develop it’s leading clients.
"We made a strategic decision to secure our growth ambition by
teaming up with a leading international full-service partner. As we
scanned the market we eventually saw ZetaDisplay as the ideal
partner, combining a similar entrepreneurial culture and values as
well an appealing international customer portfolio with attractive
concepts and software development capacity. We will initially
continue to operate under the Peakmedia brand as part of
ZetaDisplay to make sure we can leverage and expand on our existing
positive brand perception. In parallel we will begin to develop and
integrate our operations, business and products to align within the
larger group offering. I’m extremely happy with the joint prospects
of our partnership and more than ready to continue our exciting
growth journey together as a team and part of ZetaDisplay”,
comments Peakmedia co-founder and CEO Jonas Wilhelm.
ABOUT PEAKMEDIA
Peakmedia is a leading digital signage integrator in Austria.
Established in 2012 by its 3 founders, the business now manages
approx. +9.000 active licensed installations and employs over 20
full time employees. Peakmedia is based out of Austria but
the company has significant active installations also in Germany,
Slovenia, Croatia, Hungary, Romania, Italy and Switzerland across a
blue-chip customer base. Peakmedia provides a comprehensive range
of digital signage and audio services to its customers. This
includes concept design, on-site installation, remote support &
monitoring, and content creation.
Malmö, 19 September 2023
This information is information that ZetaDisplay
AB (publ) is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for
publication, through the agency of Per Mandorf, at 14:15 CET on 19
September2023
For further questions, please contact:
Per Mandorf, President & CEO Phone:
+46 704-25 82 34 Email: per.mandorf@zetadisplay.com
Jog Dhody, Interim CFO Mobile: +44 778 652
0802 E-Mail: jog.dhody@zetadisplay.com
Robert Bryhn, CMO / Head of Communication
Mobile +46 709-80 20 80
E-Mail robert.bryhn@@zetadisplay.com
ABOUT ZETADISPLAY
Founded in 2003, ZetaDisplay is a leader in the Nordic region
and second in Europe and we drive the digital transformation in
physical environments on a daily basis. Our solutions, concepts and
software digitize, influence and inform people's behavior and
decision-making in stores, in public environments and in
workplaces. Our solutions are known as Digital Signage which we
develop and offer as SaaS solutions. We are a global leader that
actively influences the development of the international Digital
Signage market organically, through innovation and through
acquisitions. ZetaDisplay is based in Malmö, has a turnover of SEK
+500 million and employs approx. 200 co-workers in offices in six
European countries. In total, the company manages around 100.000
installations globally in more than 50 markets. ZetaDisplay is
owned by the investment company Hanover Investors. More investor
related information
at www.ir.zetadisplay.com and www.hanoverinvestors.com
- ZetaDisplay acquires Peakmedia - Press release 19 September
2023
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