Netgem announced on Monday that it would be strengthening its position in audiovisual services with the acquisition of two companies, which it intends to finance through a reserved capital increase.

The acquisition of Eclair Préservation (EP) and Eclair Digital Services (EDS) will enable Netgem to enhance its offering for audiovisual production, particularly film.

Between them, the two companies boast a portfolio of over 500 customers in France, producers and broadcasters, for whom they ensure the preservation and digitization of works, including more than two-thirds of France's film heritage.

In parallel with these acquisitions, Netgem has announced that it will buy out the minority interests of Caisse des Dépôts and Oceinde in its French subsidiary Vitis.

The total investment for these operations amounts to 7.4 million euros, five million euros of which will be financed by a reserved capital increase subscribed by CDC.

This operation will be carried out at a price of 1.20 euros per share, representing an issue premium of 12.7% on Thursday evening's share price.

Netgem stresses, however, that the change in scope resulting from these operations should increase its 2024 earnings per group share (EPS) by more than 10% after synergies.

Following these announcements, Netgem's share price fell by just under 1% on Monday on the Paris Bourse.

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