Ooh!Media Limited
(ASX:OML) has entered into an agreement to acquire 100 per cent of Inlink Group Limited for $45 million.
The acquisition is in line with the company’s digital strategy of driving engagement with audiences through digital screens in high dwell time locations.
Inlink has a network of 2,800 digital screens located in office towers, cafes and fitness centres.
The acquisition is expected to be immediately EPS accretive and will be fully funded by existing debt facilities.
Ooh!Media reported a net profit of $3.81 million at 30 June 2015.
