Acxiom Corporation announced that it had reached an agreement to acquire the Claritas Europe group of companies from VNU N.V., a global information and media company based in Haarlem, The Netherlands.
Acxiom will pay 33.5 million euros (approximately $40 million) in cash for Claritas Europe's operations. Acxiom expects the transaction to be slightly dilutive for the balance of fiscal 2004 and to be accretive for fiscal 2005. The transaction is expected to close within 30 days. The anticipated revenue from the companies acquired will be approximately 83 million euros ($100 million) for the 12 months ending December 31, 2003, which will approximately triple Acxiom's annual European revenue. The transaction is pending approval from the appropriate work councils.
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