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Aeorema Comms to Acquire Eventful for GBP 479,692
Thursday 26 March 2020

26 March 2020 - UK-based live events agency Aeorema Communications plc, the (AIM: AEO) has acquired the entire issued share capital of UK-based events and travel company Eventful Ltd. for a total consideration of up to GBP 479,692 (USD 565,340) to be satisfied in cash and ordinary shares, the company said.
GBP 100,000 (USD 117,880) of the cash consideration is a performance related earn-out. 
The Group's decision to acquire Eventful, with a strong cash flow position with significant revenue already confirmed or under discussion, and necessary risk mitigation in place in terms of contract cancellation fees.
Eventful's services have already proven to diversify and enhance the Group's offering with valuable black book introductions and opportunities for cross-selling well underway.
Eventful operates from London and assists clients with venue sourcing, event planning, event design and event management.
Eventful gives Aeorema an entry into the venue sourcing and incentive travel events. The acquisition of Eventful will strengthen Aeorema's offering and add to its existing blue-chip client base.
Date Published: 26/03/2020