Communisis acquires Jacaranda Productions and Public Creative
Communisis has announced the acquisitions of Jacaranda Productions and Public Creative in an effort to expand its offering to include video, film and digital capabilities.
The deal to acquire video and film production specialist, Jacaranda will be worth around £1.5m in total, including £0.9m in cash and through 913,242 ordinary shares worth £0.6m, and a further aggregate amount of £0.5m depending on the gross profit generated over a three year period.
Meanwhile, the deal to acquire Public Creative is worth around £400,000, including £0.35m in cash publish surplus cash of around £0.04m.
Andy Blundell, CEO of Communisis, said: "Jacaranda and Public Creative bring important new skills to Communisis, in line with our strategy, as the Group continues to build its integrated service proposition. There is growing demand from clients for engaging content, especially for video and film across all digital channels, and these Acquisitions complement and enhance our existing capabilities.
“We are delighted that these talented and committed teams have decided to join Communisis and look forward to working with them to offer our clients a broader range of creative services."
Jacaranda is based in London with a team of six people, while Public Creative, also based in London currently hires a team of eight.
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