Vertice 360 grabs Barcelona post house
EmptyMADRID -- Spanish content and service provider Vertice 360 announced Thursday the acquisition of Barcelona-based post-production company Apuntolapospo, one week after Vertice's public listing on the Spanish continuous market stock exchange.
The move strengthens the group's hand in the post-production sector as Apuntolapospo offers digital sound and image post-production services for television and complements Vertice's Madrid-based post-production studio, Telson.
A capital increase -- to be approved at the next Vertice board meeting -- will foot the bill for the 5.6 million euros ($8.2 million) purchase. The Barcelona-based company posted 5.3 million euros ($7.74 million) in revenue last year, with an EBITDA of 1.2 million euros ($1.75 million).
The move, which also brings industry veterans Jose Maria Aragones and Maria Rosa Fuste on board at Vertice, looks to bring in-house the 7.2 million euros ($10.5 million) in revenue forecast for Apuntolapospo in the coming year.
"The integration of Apuntolapospo makes clear our strategy to grow by incorporating companies that include business value and, above all, professional talent," Vertice president Jose Maria Irisarri said. "The integration also allows us to strengthen our leadership in the post-production business."