TIDMKWS
RNS Number : 6949M
Keywords Studios PLC
18 September 2019
18 September 2019
Keywords Studios plc ("Keywords", "the Group")
Acquisition of TV+SYNCHRON Berlin GmbH
Strengthening the Group's Audio services in the important German
Video-Games and Entertainment voice-over recording market
Keywords Studios, the international technical services provider
to the global video games industry, today announces that it has
entered into an agreement to acquire the entire equity share
capital of TV+SYNCHRON Berlin GmbH ("TVS") from Thomas Wolfert (the
"Seller"), a veteran of the German dubbing industry. The
acquisition is expected to complete, subject to certain conditions
being fulfilled, on 1 October 2019.
Based in Berlin, Germany, TVS has over 25 years of experience of
dubbing and localizing content into German, working across a wide
range of media and formats. With a reputation for high quality and
a highly specialized team across multiple disciplines, TVS is one
of the top German voice over service providers with clients include
the likes of HBO, Warner Bros., Cartoon Network, Amazon and many
others. TVS is also a Gold-rated Netflix Post-Production Partner
(NP3) for German Dubbing Lip Sync services.
The acquisition will extend the Group's existing range of Audio
services through its five recording studios, two mixing stages and
four editing suites, all equipped with state-of-the-art technology,
by more than doubling the scale of our German video game voice
recording capabilities. It will provide direct access to the
all-important Berlin voice actor community, adding to our existing
presence in Hamburg, Germany through Synthesis.
Thomas Wolfert will remain in the business and continue to
manage TVS and its talented team of 19 employees.
In the year to 31 December 2019, TVS is expected to generate
revenues of EUR4.1m. The total consideration for the acquisition is
comprised of EUR2.8m in cash on completion and EUR0.9m through the
issue of new ordinary shares in Keywords. The consideration shares
will be issued to the Seller on the first anniversary of the
acquisition and will then be subject to orderly market provisions
for a further 12 months.
Giacomo Duranti, COO of Keywords Studios commented:
"This acquisition is an important milestone in the development
of our Audio services in Europe. Germany is one of the two largest
markets for voice-over and dubbing in Europe, together with France
where Keywords already has an unparalleled offering, and the
integration of TVS into the Group will create a market leading
provider of services for German localised video games.
"Keywords and TVS have collaborated on a number of projects in
the last year, giving us a chance to appreciate their highly
experienced team's capabilities and work together to deliver
excellent content to our clients. We are delighted to welcome
Thomas and the talented TVS team to the Keywords family, and are
looking forward to supporting their further growth across
video-games as well as film, TV and streaming industry as these
markets continue to develop."
For further information, please contact:
Keywords Studios (www.keywordsstudios.com)
Andrew Day, Chief Executive Officer
David Broderick, Chief Financial Officer
Giacomo Duranti, Chief Operating Officer +353 190 22 730
Numis (Financial Adviser)
Stuart Skinner / Kevin Cruickshank
(Nominated Adviser)
James Black / Tom Ballard (Corporate
Broker) 020 7260 1000
MHP Communications (Financial PR) 020 3128 8100
Katie Hunt / Ollie Hoare keywords@mhpc.com
About Keywords Studios (www.keywordsstudios.com)
Keywords Studios is an international technical services provider
to the global video games industry. Established in 1998, and now
with over 50 facilities in 21 countries strategically located in
Asia, the Americas and Europe, it provides integrated art creation,
software engineering, testing, localisation, audio and customer
care services across more than 50 languages and 16 games platforms
to a blue-chip client base of approximately 950 clients across the
globe.
It has a strong market position, providing services to 23 of the
top 25 most prominent games companies, including Activision
Blizzard, Bandai Namco, Bethesda, Electronic Arts, Konami, Riot
Games, Sony, Square Enix, Supercell, TakeTwo, Epic Games and
Ubisoft. Recent titles worked on include Uncharted 4: A Thief's
End, Call of Duty: WWII, Mortal Combat X, Assassin's Creed Origins,
Battlefield 1, League of Legends, Fortnite, Clash Royale and
Rainbow Six Siege. Keywords Studios is listed on AIM, the London
Stock Exchange regulated market (KWS.L).
About TV+SYNCHRON Berlin (www.tv-synchron.de/en)
TVS has been in the business of dubbing and localizing films and
series for more than 25 years bringing together creative teams of
dubbing writers, session directors and voice actors to work on
hundreds of movies and thousands of TV episodes using
state-of-the-art and purpose built facilities technically outfitted
for cinema, video games, streaming, on-demand and TV
programming.
With a track record of over 7,000 episodes and more than a
quarter million minutes of voiced material, TVS can provide clients
with tailored solutions for any type of projects.
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END
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