December 12, 2016 / 7:57 AM / 8 months ago

BRIEF-A City Media buys GM-Gruppen Moving Message AB

Dec 12 (Reuters) - A City Media AB :

* Acquires GM-Gruppen Moving Message AB (GM)

* Purchase price is 19.0 million Swedish crowns ($2.07 million) with possible additional payment of up to 16.4 million crowns depending on revenue and EBITDA targets for 2017 and 2018

* Forecast for GM is 2016 turnover of 36 million crowns and EBITDA of 3.6 million crowns

* GM operates 27 large format digital screens in, among others, Göteborg, Borås, Gävle, Malmö, Varberg, Ullared, Stockholm, Karlstad and Växjö Source text for Eikon: Further company coverage: ($1 = 9.1792 Swedish crowns) (Gdynia Newsroom)

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