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October 24, 2011 06:40 pm GMT
Vistaprint this morning announced that it is buying European photobook software solutions provider Albumprinter for 60 million (~$83.3 million) in cash, with up to 5 million (~$9 million) in earn-out, if certain performance-based requirements are met in 2012.Albumprinter, based in Amsterdam, with a manufacturing presence in the Hague, has generated roughly 37 million (~$51.5 million) in revenue in the trailing twelve months ended September 30, 2011, according to a statement. Net income margin for the same period was about 8%, and EBITDA was approximately 16% (approximately 6 million).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uzNLUyEpYpg/
Vistaprint To Buy Dutch Photobook Software Company Albumprinter For Up To $90 Million
Vistaprint this morning announced that it is buying European photobook software solutions provider Albumprinter for 60 million (~$83.3 million) in cash, with up to 5 million (~$9 million) in earn-out, if certain performance-based requirements are met in 2012.Albumprinter, based in Amsterdam, with a manufacturing presence in the Hague, has generated roughly 37 million (~$51.5 million) in revenue in the trailing twelve months ended September 30, 2011, according to a statement. Net income margin for the same period was about 8%, and EBITDA was approximately 16% (approximately 6 million).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uzNLUyEpYpg/
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