Emakina Group acquires New York-based digital agency Karbyn

Emakina Group acquires New York-based digital agency Karbyn

- Regulatory and privileged Information - free translation of the original French press release -

Friday, February 9, 2018 — New York, Brussels, (Embargo: February 9 2018, 18.30 CET) –
Emakina Group (ALEMK_BB - ISIN: BE0003843605) reports the acquisition of New York-based full service digital agency Karbyn, strengthening its US presence.   

Emakina Group SA announces taking 100% ownership of Karbyn, through its subsidiary The Reference, with offices in Ghent, Antwerp and New York. This move boosts its American growth ambitions and offers new opportunities for international clients seeking top support in the US.

Full-service digital agency Karbyn is a certified partner of cutting-edge CMS solutions like Sitecore and Adobe Experience Manager. Its 10 experts successfully define, implement and manage business-critical digital projects for SMB and Global Fortune 500 companies. The team builds long-term client relationships, focusing on digital strategy, web and mobile development and marketing automation.

The acquisition with a purchase price of 500,000 USD to be paid in cash is subject to the approval by the board of directors of Emakina Group. The final value of the transaction will be based on operational results recorded by Karbyn until 2022. The additional price is to be paid partly in shares and partly in cash.

The annual turnover in 2017 of Karbyn is expected to exceed 2 million USD, while the EBITDA (operating income before depreciation and amortization) for the same period is expected to reach 0,3 million USD. Karbyn will have a positive financial impact on the consolidated EBITDA of Emakina Group in 2018.

CONTACT

Karim Chouikri                    Chief Executive Officer                          +32(0)2 400 40 75               [email protected]

Frédéric Desonnay            Chief Financial Officer                            +32(0)2 788 79 26               [email protected]

Luc Malcorps                       Director of Media Relations                 +32(0)2 788 79 73               [email protected]

About Emakina Group SA

Emakina Group, an EPAM Systems, Inc. company (NYSE: EPAM), is one of the leading digital groups of independent digital agencies, with 26 offices in 18 countries in Europe, the Middle East, Africa and North America.

Learn more at www.emakina.group and follow us on Twitter @EmakinaGroup.

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting and design capabilities; and unique ‘Engineering DNA,’ EPAM’s globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people’s lives.

Selected by Newsweek as a 2021 Most Loved Workplace, EPAM’s global multi-disciplinary teams serve customers in more than 40 countries across five continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked as the top IT services company on Fortune’s 100 Fastest-Growing Companies list for the last three consecutive years. EPAM is also listed among Ad Age’s top 25 World’s Largest Agency Companies and in 2020, Consulting Magazine named EPAM Continuum a top 20 Fastest-Growing Firm.

Learn more at www.epam.com and follow us on Twitter and LinkedIn.


Emakina Group SA
Rue Middelbourg 64A
1170 Watermaal-Bosvoorde
BELGIUM
- - -
VAT 0464.812.221