QMS To Acquire International Sports Technology And Digital Media Assets

QMS To Acquire International Sports Technology And Digital Media Assets

QMS Media Limited has reached an agreement in principle to acquire the majority interest of TGI Systems Corporation (TGI) and TGI Europe GmbH (TGIE).

The move sees QMS continuing the expansion of its existing sports technology and media rights business, QMS Sport.

The key commercial arrangements include a total investment by QMS of approximately $40 million to acquire a 90 per cent stake in TGI and TGIE, both internationally recognised sports media companies providing digital technology solutions across the USA, Europe and South America.

Another strategic shareholder will hold 5 per cent of the entities, while existing key management will also retain 5 per cent.

On a 12 month pro-forma basis, the acquisitions are expected to contribute EBITDA of between $7-8 million before minorities for FY19.

The transaction is expected to be EPS accretive for QMS shareholders in FY19.

The transaction is subject to approval from QMS’ lender and of customary closing conditions and mechanics, including the finalisation of interrelated transactions.

In Germany, such transactions also require notarisation in order to be effective. It is expected that the transaction will formally complete in the last quarter of this calendar year.

TGI/TGIE are world leaders in the delivery of sports technology including high end LED signage, software management platforms and a range of unique fan engagement tools to help clubs, agencies and rights holders optimise their brand exposure and enrich the consumer experience at major events.

TGI/TGIE are at the forefront of virtual signage technology developments and are well placed to participate in the changing ways that LED perimeter signage and virtual signage are displayed on broadcast feeds.

These premium acquisitions complement the existing QMS Sport portfolio across Australia and New Zealand, providing additional scale and growth opportunities.

This will further strengthen QMS’ position in key strategic international sports markets as it continues to expand its geographic footprint, and simultaneously diversify revenue channels.

QMS managing director and group CEO Barclay Nettlefold said: “As part of our growth strategy, these investments mark an important new era for our Sports business, as it continues to build on its market-leading reputation.

“With our combined sports technology and digital media assets, QMS Sport is set to become a formidable provider of digital technology globally.

“This combination brings together major international sporting clubs and codes under one unified and powerful technology and digital media platform.

“We have identified that the international sports environment provides QMS with an avenue to deliver further value to our shareholders and I am genuinely excited by the growth opportunities these investments present.”

TGI president Patrick Vendrely said: “TGI/TGIE represent top tier sporting organisations and clubs across Football, Rugby and Cricket globally, and have a significant strategic focus to further expand and develop our sports technology business.

“We believe that QMS is the right partner to help deliver on our strategic growth agenda and establish an international powerhouse in sport technology and digital media across all major sporting codes globally.”




Please login with linkedin to comment

QMS

Latest News

Kargo Powers Cross-Channel Performance For APAC Advertisers With CORE
  • Advertising

Kargo Powers Cross-Channel Performance For APAC Advertisers With CORE

Kargo, a leading provider of full-funnel advertising solutions across mobile, desktop, and TV screens, is excited to announce the launch of CORE (Create Once, Run Everywhere) in APAC. CORE is built on creative science and empowers advertisers to easily use their creative assets across screens for seamless campaign performance at scale. A combination of creativity […]

“Art Imitates Life?” – Antoinette Lattouf’s Shock Return To The ABC
  • Media

“Art Imitates Life?” – Antoinette Lattouf’s Shock Return To The ABC

It was the story that dominated the headlines last month. Australian-Lebanese journalist Antoinette Lattouf was ousted from her radio presenting role at the ABC after she reshared a social media post protesting the Israeli government’s treatment of Palestinian civilians. Following the dismissal, Lattouf sent her submission to the Fair Work Commission industrial tribunal. So viewers will […]

Nunn Media Wins Global Independent Agency Of The Year At Local Planet 2024 Global Conference
  • Marketing

Nunn Media Wins Global Independent Agency Of The Year At Local Planet 2024 Global Conference

Australia’s largest independent media agency, Nunn Media, has taken out two major awards at Local Planet’s 2024 Global Conference, including the evening’s top honour of Global Independent Agency of the Year. Rising above more than 75 independent media agencies from 125 markets around the world, Nunn Media was recognised as Global Independent Agency of the […]

Gravity Media & Supercars Media Drive 400 Hours Of All-Screens Coverage Of This Year’s Repco Supercars Championship
  • Media

Gravity Media & Supercars Media Drive 400 Hours Of All-Screens Coverage Of This Year’s Repco Supercars Championship

Supercars Media and Gravity Media, a world-leading global provider of complex live creative production and media services, today confirmed the broadcast and technology partnership to deliver coverage of this year’s Repco Supercars Championship across Australia and multiple international territories. This year, Gravity Media Australia and Supercars Media will travel more than 40,000 kilometres to deliver […]

“There Are So Many Things I Wish I Could Ask Him”: Robert Irwin Opens Up About Losing His Dad As He Fronts The March Edition Of The Australian Women’s Weekly
  • Media

“There Are So Many Things I Wish I Could Ask Him”: Robert Irwin Opens Up About Losing His Dad As He Fronts The March Edition Of The Australian Women’s Weekly

Are Media, Australia’s leading omnichannel content company for women, today published the March edition of The Australian Women’s Weekly – with Robert Irwin on the cover. The Wildlife Warrior and I’m A Celebrity… Get Me Out Of Here! host is only the third solo man in modern times to grace the magazine’s cover (the others […]

Tinder Celebrates LGBTQIA+ Love With The Big Tinder Wedding
  • Campaigns

Tinder Celebrates LGBTQIA+ Love With The Big Tinder Wedding

Exactly one year ago, and on the five year anniversary of the marriage equality vote, Tinder announced the Big Tinder Wedding and commenced a nationwide search for queer couples who found love on the app and wanted an all-expenses-paid dream wedding. Tinder’s latest phase of the campaign aims to celebrate the colourful love stories unfolding […]

DDB Sydney Nabs Monkeys Creatives Emmalie Narathipakorn & Seamus McAlary
  • Advertising

DDB Sydney Nabs Monkeys Creatives Emmalie Narathipakorn & Seamus McAlary

DDB executive creative director Matt Chandler has announced the appointment of creative team Emmalie Narathipakorn and Seamus McAlary from The Monkeys, building on the success of its existing creative team. Lead Image: L-R – Emmalie Narathipakorn and Seamus McAlary Narathipakorn, who was an art director at The Monkeys, joins DDB as senior art director, while […]

Slew Of New Promotions & Hires As Thrive Announces Melbourne Leadership Team
  • Marketing

Slew Of New Promotions & Hires As Thrive Announces Melbourne Leadership Team

Thrive PR Melbourne has kicked off the year with new appointments, promotions and a new leadership team, marking the delivery of a transformation strategy that’s seen the agency diversify and strengthen its corporate, consumer and integrated digital service offering in Victoria. Lead image:  (L-R) – Sophie Maguire, Melanie Campbell, Nathan McGregor, Zoe Raknes, Erika Rutledge, […]

Leos Appoints Clare Pickens As CEO
  • Advertising

Leos Appoints Clare Pickens As CEO

Reports of Pickens demanding new corner office with wingback chair greatly exaggerated, says Publicis PR team.

Russel Howcroft & Freddie Young Headline AdMission Podcast
  • Advertising

Russel Howcroft & Freddie Young Headline AdMission Podcast

Iconic Australian ad guru Russel Howcroft and industry up-and-comer Freddie Young from Good One Creative have today launched their experimental, no spin advertising podcast, AdMission, in partnership with 9Podcasts. AdMission tells the uncensored stories behind the world’s most talked about brands, ideas, campaigns, advertising news and industry screw ups, as well as offering sharp insight […]

CPR First Aid Study: Weight Loss & Healthy Eating Among Most Googled Personal Goals
  • Marketing

CPR First Aid Study: Weight Loss & Healthy Eating Among Most Googled Personal Goals

According to a new study from CPR First Aid has revealed that Aussies’ most Googled personal goal in the summer is losing weight, new research has found. Their next most researched summer objective is healthy eating, followed by drinking more water. This time of the year, Aussies want to stop snoring and quit smoking more […]

Twilio: Customer Data Platforms Are “Critical Foundation” For AI-Driven Customer Insights
  • Technology

Twilio: Customer Data Platforms Are “Critical Foundation” For AI-Driven Customer Insights

Businesses are integrating customer data platforms with AI and analytics to personalise customer experiences and drive business success, according to a new report from Twilio Segment. Lead image: Kathryn Murphy, SVP of product and design, Twilio. The fifth annual Customer Data Platform Report, which reflects the findings of anonymised usage data from Twilio Segment’s more […]