Cimpress To Acquire Druck.at - Quick Facts

(RTTNews) - Cimpress N.V. ( CMPR) Wednesday said it has entered into a definitive agreement to acquire druck.at Druck- und Handelsgesellschaft mbH , one of the leading web-to-print businesses in Austria.

The base purchase price of the transaction is 23.3 million euros, including 20 million euros payable in cash upon the close of the transaction, and a deferred payment of 3.3 million euros to be paid in cash or stock in 2017 at the earliest.

Cimpress plans to fund the transaction using its existing debt facility, and expects this transaction to have an immaterial impact on financial results in fiscal 2015.

Cimpress develops software and manufacturing capabilities that transform traditional markets to make customized products. The acquisition supports its strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products like signage, printing, apparel and promotional products.

Druck.at, founded in 2001, produces a wide variety of high quality printed products that are sold both directly to small and medium business customers and through resellers like graphic designers, print brokers, and local print shops.

Cimpress goes to market via a portfolio of specialized and focused brands and Druck.at aligns with its strategy in this regard.

In the trailing twelve months ended January 31, Druck.at revenue was around 34 million euros, reflecting year-over-year growth of about 15 percent. Druck.at net income in this period was approximately 2 million euros.