Group Press Releases
Aegis Strengthens UK Business To Business ('B2B') Media Services Through Acquisition Of Just Media Limited
17 October 2005
Aegis Group plc ("Aegis" or "Group") - the media communications and market research group - announced today that it has acquired 100% of the equity of Just Media Limited (JML) the leading B2B media planning and buying agency.
The purchase price will be composed of a total cash consideration of up toŁ10 million, plus the value of retained earnings as at the acquisition date, payable over three years and subject to rigorous performance criteria.
Founded in 1995, JML is one of the UK's best known B2B media agencies with a blue chip client list. Major clients include Adobe, Borland, Cognos, Compuware, MessageLabs and Seagate.
Robert Lerwill, CEO of Aegis Group plc said:
"The acquisition of JML will complement and further strengthen Aegis Media's position in the UK business to business market. JML is a highly respected, professional B2B media agency with particular expertise in the technology sector. Combining JML with the market experience, tools and buying power of Carat Business will create many synergies and new opportunities that are expected to drive revenue growth and margin improvement, whilst continuing to deliver a market leading service to clients. I welcome Sarah du Heaume and her JML team as valued members of the Aegis family."
For further information contact:
Richard Walters
Aegis Group plc
+44 (0) 20 7070 7700
Charles Palmer
Financial Dynamics
+44 (0) 20 7831 3113
