Communisis bolsters operations with double acquisition worth nearly £2m

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​Print marketing firm Communisis has bought video and film production ​specialist Jacaranda Productions for £1.5m.

Communisis, which has operations in Leeds, said Jacaranda’s expertise in measuring the effectiveness of video content for global brands will add useful skills and expertise to support its strategy.​

​For over 15 years Jacaranda has been voted in the top ten independent production companies in Televisual’s annual Corporate Top 50​​ awards and has won over 250 creative awards including The Digital Impact Awards, Cannes Corporate Media and TV Awards and New York Film and TV Awards.

​The acquisition will be 
funded by cash of £900,000 
and​ through the issue of 913,242 new ordinary shares in 
Communisis to the value of £600,000.

A further consideration ​of up to £500,000 in cash ​may be payable dependent on the gross profit generated in the three years after the acquisition.

​For the year to ​February 28, Jacaranda made earnings of £390,000 on turnover of £1.6m.

In a separate deal Communisis also bought digital media business Public Creative for £350,000.

Public Creative creates and drives brand awareness with digital media using web and mobile applications to build loyalty. It made annual earnings of £50,000.

Vicar Lane, Leeds City Centre.

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