Communisis board sees 'encouraging' outlook for 2012 with Yomego and Kieon acquisitions


By The Drum Team, Editorial

May 2, 2012 | 2 min read

Marketing services provider Communisis has released an interim management statement for the first quarter of 2012, claiming that the Group’s overall trading has been ‘encouraging’.

The statement for the first quarter highlights the group’s expanded services within its Intelligence Driven Communications segment, following the completion of two acquisitions since the end of March, which aim to build its range of data and creative services offer.

The acquisition of software production agency Kieon for a cash sum of around £0.7m (£0.5m of which will be paid in instalments over the coming three months, with the remained being deferred and paid over the coming two years) will allow the group to strengthen its ability to build websites, as well as mobile and digital applications.

Meanwhile the acquisition of Yomego for £0.38m allows the group to widen its social media offering.

The company also said that the installation of two T400 high speed colour digital presses at its offices in Liverpool would be completed and fully operational by June.

Looking forward, the statement also claimed that while market conditions remained ‘challenging’, it had a ‘strong’ pipeline of new business opportunities for the second and third quarters of 2012 and said that the board felt that the range of service offering by the group would contribute to its capturing new business.

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