EQS-News: DEAG Deutsche Entertainment Aktiengesellschaft: DEAG fully acquires EDM promoter I-Motion and continues its expansion strategy
Berlin, 12 October 2023 – DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) has increased its share in I-Motion GmbH Events & Communication (“I-Motion”) from 50.1% to 100%.
- Berlin, 12 October 2023 – DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) has increased its share in I-Motion GmbH Events & Communication (“I-Motion”) from 50.1% to 100%.
- Since DEAG has held a stake in the company, I-Motion has recorded annual growth rates in the double digits (CAGR) and is highly profitable.
- DEAG thus expects the complete acquisition to produce clearly positive results for the Group’s earnings after minority interests – besides strategic advantages.
- DEAG plans to continue playing an active role in the consolidation of the live entertainment industry in Europe and to drive its growth through M&A.