Keywords Studios

Acquisition of Descriptive Video Works adds a new audio branch to the family tree

  • Sectors : Technology
  • Companies : Keywords Studios

Ratings and price correct at time of issue.

  • Keywords Studios

    Closing Price: 1706.0p

  • RATING 08/01/19

  • PREVIOUS RATING 18/10/17

    NEUTRAL

DAVY VIEW

Keywords Studios (KWS) has announced the acquisition of Descriptive Video Works (DVW) for a total consideration of up to CAD3.2m (CAD2.24m in cash and the remainder through the issue of 35,560 new ordinary shares). We view this as a highly complementary deal for KWS as it broadens its offering to clients via a new audio service, while also providing DVW with a significant opportunity to scale through the KWS platform and family. We reiterate our ‘Outperform’ rating.

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Jun 12 2019, 08:20 IST/BST

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