Media Tech SPAC Acquires Drylab
Media Tech SPAC plc (MTS or the Company), a company formed to undertake one or more acquisitions in the media and technology sectors, is pleased to announce that, having concluded detailed due diligence, it has reached and entered into a definitive agreement to acquire 100% of the share capital of Drylab A/S (Drylab), a leading film and TV production SaaS platform in Scandinavia.
- Media Tech SPAC plc (MTS or the Company), a company formed to undertake one or more acquisitions in the media and technology sectors, is pleased to announce that, having concluded detailed due diligence, it has reached and entered into a definitive agreement to acquire 100% of the share capital of Drylab A/S (Drylab), a leading film and TV production SaaS platform in Scandinavia.
- Once complete, the combined businesses will be renamed Drylab Media Tech plc ( www.drylab.io ) to reflect the strengths of the two businesses.
- The combination of MTS and Drylab positions the enlarged business for growth through the proprietary technology built by Drylab and the big studio experience and network of the MTS executives.
- John Mahtani, CEO of Media Tech SPAC plc, commented:
We are pleased to have come to this agreement with Drylab.