Ocean Outdoor Limited Acquires Sweden Based Group Visual Art

  • Sep 16, 2019 BST
  • Team Kalkine

Ocean Outdoor Limited (LSE: OOUT), has acquired a Sweden based independent, pure-play digital, out-of-home media and tech group Visual Art. The company in a two tired deal will acquire the out-of-home assets of Visual Art for a total consideration of approximately €63 million in cash and after an investment of €15 million will partner with the operators of Visual Art to form a 50-50 digital signage technology joint venture.

On 16th September 2019, at the time of writing, GMT 13.07 PM, OOUT shares were trading at GBX 8.00, up by 0.12 points or 1.59% against the previous day closing price.

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