Emakina Takes Over Amsterdam Agency Relephant to Establish its Position as Leader in the Benelux

Emakina Takes Over Amsterdam AgencyEmakina Takes Over Amsterdam Agency Relephant to Establish its Position as Leader in the Benelux PR Newswire BRUSSELS, October 21, 2013 Regulated information (financial press release) - Free translation French official version Dutch translation Emakina Group is announcing today that it is taking a 54.5% stake in the capital of the Amsterdam digital communication agency Relephant and strengthening its position among the leaders of European full-service agencies. With a total of around 80 staff members at its Dutch branch, Emakina will henceforth be a leading agency in the Netherlands. The Dutch team, led by Geert Rietbergen, thereby increases its expertise in terms of web, mobile, social media and e-commerce. After the takeover of Merge Media earlier this year, Emakina is now present in Rotterdam, Amsterdam and the Hague. The subsidiary Relephant Turkey with a staff of 18 also becomes part of the Emakina group further to this transaction. Emakina Group becomes the majority shareholder with a 54.5% stake in the capital of Den Gulden Winckel B.V. (holding company of the Relephant group), as well as undertaking to acquire the remainder of the shares held by the founders over a period of three years on the basis of the performance in 2014, 2015 and 2016. This initial stake represents an investment of EUR 1.8 million in cash, via a bank loan.