LBI International AB ("LBi"), the leading international full service digital agency network, today announces that it has acquired the digital interactive business of Satama Netherlands ("Satama NL") owned by Satama Interactive Oyj based in Helsinki. Satama NL includes the subsidiaries known as Satama Flash Fabriek B.V., OER B.V. and Satama Design and Development B.V. Satama NL is one of the leading digital agencies in The Netherlands next to LBi's Lost Boys. Satama NL provides a host of interactive marketing services including site design, advertising, media & analytics and rich media design & production complementing the service capabilities of LBi's Lost Boys. Satama NL serves leading multinational clients including KPN, Vodafone, UPC, SanDisk, ING, Nationale Postcode Loterij, SKODA and Audi. LBi will continue operating Satama NL separately from Lost Boys but will immediately collaborate on new client developments. LBi CEO Robert Pickering states, "We are very pleased to be adding Satama in The Netherlands to complement our Lost Boys digital business further enhancing our position in the Dutch market. Satama NL has been a solid competitor and quality agency over the years. Its distinctive services and client portfolio combined with our scale and offerings will further enable us to provide clients with best-of-class and innovative digital marketing solutions.""We are excited about this new opportunity to join Europe's largest full service digital agency. We also look forward to working closely with LostBoys rather than competing", said Mark Douwma, acting Managing Director of Satama NL. Satama NL expects net revenue of approximately EUR 7 million for the full year 2007 and is profitable. The agency has approximately 60 employees. The total purchase price will be determined on an earn-out arrangement. LBi expects this acquisition to be EBITDA and earnings accretive with immediate effect. For further information please contact: Robert Pickering, CEO, LBI International AB +31 20 460 45 00, robert.pickering@lbi.com Theo Cordesius, COO, LBI International AB +31 20 460 45 00, theo.cordesius@lbi.com Eva Ottosson, Group Communications Manager, LBI International AB +46 709 41 21 40, eva.ottosson@lbi.com About LBi: LBi is the leading international full service digital agency network, servicing clients with marketing and technology solutions. The Company employs approx. 1,400 professionals located primarily in the major European and American business centers, such as Amsterdam, Berlin, Brussels, Copenhagen, London, Madrid, Milan, Mumbai, Munich, New York and Stockholm. Through interdisciplinary teams, LBi creates innovative multi-channel solutions for its national and international corporate clients by uniquely combining strategy development and creative design with specific industry expertise and latest digital technology. LBi was formed by the merger of LB Icon and Framfab in August 2006 and is listed on Euronext in Amsterdam as well as on the OMX Nordic Midcap segment in Stockholm (symbol: LBI). About Satama NL: Satama Netherlands is a leading interactive marketing communications and design agency that ideates, creates and develops high impact concepts and services. It serves many (international) clients and employs approx. 60 professionals in the business units Satama Design& Development, OER and Satama Flash Fabriek. Satama NL helps her clients to achieve exceptional presence and business results by combining interactivity and creativity at the highest level. www.satama.nl.
LBi acquires Satama Netherlands Digital Agency
| Source: LBI International AB