The acquisition is a further step in ZetaDisplay’s goal to establish itself as a leading supplier of digital signage on the European market.
Alpha Corporate Finance has acted as the exclusive financial advisor to ProntoTV and its owners.
ProntoTV is the leading provider of digital signage for retail stores, advertisement and internal communication channels in Norway with over 15 years of experience. The company has developed a concept where technology, content production and communication expertise are integrated in one solution. ProntoTV’s customer base includes, among others, Reitan Group, Sparebank1, JCDecaux, Avinor, Posten, Vita and Boots Pharmacy. In 2015 ProntoTV had revenues of NOK 50.7m and EBITDA of NOK 11.6m.
ZetaDisplay AB is a leading supplier of digital signage to major chains in the retailing and service sectors of the European market. The head office is in Sweden and there are sales offices located in Denmark, Norway, Finland, Estonia and the Netherlands. Since April 2011 the company’s shares have been traded on NASDAQ OMX First North Premier (ZETA).