Europe's online source of news, data & analysis for professionals involved in packaged media and new delivery technologies

DOCdata's UK replication business sold to Sound Performance

Docdata media Ltd. in Telford (UK), a part of the docdata media division, has sold its complete business activities for CD and DVD replication and Audio Cassette manufacturing to Sound Performance Manufacturing Ltd., a subsidiary of the UK-based Sound Performance Ltd.

This transaction includes the sale by docdata media of its business activities, tangible fixed assets, stocks, customer contracts, trade creditors and personnel and staff. Details on the financial characteristics of the transaction will not be further specified at the specific request of Sound Performance.

Docdata media realised a revenue of about £6 million with a positive net operating cash flow in 2008 and had total assets with a book value of about £3 million at the end of December 2008.

The management of DOCDATA N.V. group expects that the sale of the replication activities in the UK will not have an adverse influence on the positive development of the internet service company docdata. For the Telford site, management believes that this transaction will result in higher production volumes by adding the Sound Performance customer base.

Michiel Alting von Geusau, CEO of docdata: "I strongly believe that this agreement with Sound Performance, who has been a long time reputable customer for docdata media in the UK, is in the best interest of our employees in Telford. When Sound Performance approached us with the idea for this transaction, we realised that a true win-win could be achieved." The existing labour contracts with the personnel and staff of docdata media Ltd. will be taken over by Sound Performance on the same conditions.

Since 1994, Sound Performance is an established full service provider with offices in London (United Kingdom), New York (USA), Paris (France) and Kortrijk (Belgium), offering a one-stop shop solution for all manufacturing and printing needs for all formats, including CD, Vinyl, DVD, Cassette and Video.

Story filed 10.02.09

Bookmark and Share

Article Comments

comments powered by Disqus