Completion of Acquisition
Thomson Intermedia PLC
23 August 2005
Thomson Intermedia PLC
('Thomson Intermedia' or the 'Company')
Completion of Acquisition
The Board of Thomson Intermedia, a leading provider of media intelligence, has
today completed the acquisition of BCMG Limited ('Billetts'), a UK market leader
in media and marketing performance in accordance with the announcement made on 3
August 2005.
Billetts offers clients a means to monitor and improve the efficiency and
effectiveness of their advertising and other marketing spend. Analysis of
marketing expenditure allows companies to better ensure appropriate returns on
their investment in advertising spend.
The acquisition of Billetts enables Thomson Intermedia to marry its data and
technology with Billetts' media consulting skills. It will provide the Group
with numerous complimentary products and services, rapidly expanding Thomson
Intermedia's customer base and international reach and will also enable
significant cross selling opportunities across the enlarged Group.
The Board of Thomson Intermedia expects the acquisition to be earnings enhancing
in the first full year of acquisition.
Sarah Jane Thomson, Joint Chief Executive Officer of Thomson Intermedia, said:
'We are delighted to have completed the Billetts acquisition. The enlarged
Group will now be able to provide a complete, one-stop suite of advertising,
media and marketing accountability products to all customers.
'Furthermore, the acquisition extends the international reach of the Group and
enables us to capitalise on the significant growth opportunities in media
monitoring which exist in the US.'
23 August 2005
Enquiries:
Thomson Intermedia 020 8466 2906
David Trendle, Finance Director
Robert W. Baird 020 7488 1212
Adrian Hadden/David Rae
College Hill 020 7457 2815/2055
Adrian Duffield/Clare Warren
This information is provided by RNS
The company news service from the London Stock Exchange