Thursday, May 30, 2024

Motio will acquire oOh!media’s Café and Venue Digital Place-Based Networks for $2.35mn

Friday, December 23, 2022

Motio Limited (ASX:MXO) has entered into binding terms to acquire oOh!media’s Café and Venue Digital Place Based networks for $2.35 million under a vendor financing facility provided by oOh.

The two networks comprise of over 450+ locations reaching audiences in long dwell time environments.

These locations comprise of Cafés in CBDs and key urban locations as well as digital displays in landmark licensed Venues Australia wide.

The deal is pivotal to Motio’s continued growth and expansion in the Digital Place Based sector which it continues to develop and lead.

Adam Cadwallader, Motio Limited CEO said, “Motio is setup and ready to take on additional networks. These two channels are especially significant with a number of us at Motio having worked previously on the build and development of both Café and Venue – we are very excited to have them join the Moto portfolio.

Our continued focus in developing the Digital Place-Based & Audience Experience sector will be further enhanced with these networks and Motio is right sized to operate them with minimal impact or additional investment required in our team and operational infrastructure.”

Motio’s continued growth in the Digital Placed Based and Audience Experience sector is driven by existing, focussed and professional team committed to high quality media sales growth as well as a specific focus on assisting our commercial partners to engage their customers to create world class audience experiences.

The Motio Limited team will work with counterparts at oOh! to complete the integration of the two networks over January and February including displays, Wi-Fi and commercial agreement changes in readiness for completion on March 1, 2023.

Cadwallader added, “we will ensure these networks are ready for programmatic revenue from day one and our team will be in market from January to ignite media sales from March 2023 and beyond. Our systems, technology and people are ready and enthused for this next stage of Motio’s growth”

At completion, Motio will own and operate over 1,500 digital displays across 1,000+ locations nationally.

These networks reach in excess of 1.5 million unique Australian’s every week regardless of their other media consumption.

 

Published on Friday, December 23, 2022 at 6:13 PM

Effortless global DOOH news tracking:

Get top industry news headlines in your inbox, daily.

You have been subscribed!

Almost there, please check your email for a confirmation link.

Something went wrong. We were not able to sign you up.