Cision strengthens Nordic operations through divestment of Danish subsidiary
Cision has signed an agreement to sell all its shares of the Danish subsidiary, Cision Danmark A/S, to Infomedia A/S. Infomedia A/S, the leading player on the Danish market for Monitor and Analysis services, is owned by the media groups JP/Politikens Hus and Berlingske Media. The transaction will be completed on February 6, 2009.Cision Danmark A/S had 68 employees as of December 31, 2008 and an annual revenue of approximately DKK 50 million in the 2008 fiscal year. The divestment will not include Cision’s Plan and Connect business in Denmark, with annual revenue of approximately DKK 2
