Vista Group International Limited
(ASX:VGL) has acquired a 50 percent stake in Powster Limited, a London-based company specialising in film marketing products, music videos and creative content.
The terms of the acquisition will enable Powster to report as a subsidiary of Vista, allowing Vista to support the growth of the company via its extensive portfolio of film industry software and customer relationships.
The company said the partnership continues Vista’s strategy of creating a synergistic suite of technology solutions for the global film industry.
The Powster agreement is effective on 31st March 2016. The exact terms of the agreement remain confidential.
Vista Group reported a net profit of $5.76 million at 31 December 2015.
