Ascential’s Clavis takeover to enhance the former’s earnings
Date: 2017-12-27   Author: Dhananjay Punekar  Category: #market

Ascential’s Clavis takeover to enhance the former’s earnings

Ascential, a UK based B2B media and information services firm, has acquired Clavis Insight, an eCommerce analytics firm headquartered at Dublin in Ireland, for nearly USD 219 million. As per reliable sources, in 2018, the former is expected to integrate the latter’s business with that of OCR, which it had acquired last year. Industry analysts have forecast that the acquisition of both the reputed firms across the eCommerce sector will aid Ascential’s expansion in future. One of the company’s key officials had stated that this acquisition is likely to enable both the Clavis & Ascential to offer proficient and reliable services to their consumers.

As per sources, by the end of December 2016, Clavis had accrued a revenue of USD 13 million. Business analysts have claimed that the revenue is anticipated to increase to USD 17 million by 2017. Reports state that Clavis has assisted reputed consumer product selling firms such as L’Oréal, P&G, Unilever, and Nestle to determine & improve their product performance, which in turn has also resulted in its own revenue growth. Its sale to Ascential is thus expected to augment the latter’s business scope over the years to come.

As per recent reports, Ascential has already made an initial payment of USD 119 million and according to the acquisition pact it will pay between USD 25 million to USD 50 million in an earn-out cash for the next three years up to 2020.  The purchase, which is going to receive funding from the firm’s cash reserves & current borrowing facilities, is also predicted to increase the former’s earning per share consecutively in 2018. Industry experts are of the opinion that the acquisition will not only increase the service portfolio of Ascential but will also essentially contribute towards the development of the online retail sector and shape the eCommerce business across the globe.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Asphalt Mixing Plants Market Trend & Growth Forecast 2018-2024 By Application - Road Construction
Author: Rahul Varpe

Asia Pacific Asphalt Mixing Plants Market generated revenue over USD 2.5 billion and is foreseen to hold a major share of the market pie over the coming years. Owing to the robust growth in the countries of Asia Pacifi...


Painting Tools Market Trend & Growth Forecast 2018-2024 By Product - Brushes, Rollers, Scrapers, Knives, Trays, Spray Gun, Masking Tapes
Author: Rahul Varpe

Painting tools market share from construction applications is predicted to surpass a revenue collection of USD 10 billion by 2024, owing to the increasing industrialization and escalating housing need of the rapidly gr...


Building Thermal Insulation Market Trend & Growth Forecast 2018-2024 By Material - Wool Insulation, Plastic Foams
Author: Rahul Varpe

Building Thermal Insulation Market size from roof applications will grow at a rate of nearly 4% over the period of 2017-2024. The growth can be credited to the high demand for flat roofs in the commercial buildings. Fl...