Digital sport outdoor media labeled as new $20m investment for QMS Media

December 7, 2016 4:30

Outdoor media company QMS is looking at spending $22.4m in digital sport outdoor media and technology assets, with the news following on from yesterday’s trading halt.

QMS Media (ASX: QMS) has entered into a binding agreement to acquire an 80% stake in digital and creative signage company Out and About Marketing and Media (OAMM) for $10m plus acquisition of $1.25m in debt.

OAMM which specialises in stadium advertising and sports sponsorship across Australian and New Zealand is part of QMS’ digital sport investment plan.

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Abigail Dawson

Abigail Dawson was Mumbrella's senior content journalist covering event content. She left Mumbrella to move into an agency role in 2020.

Topics

acquisitions Live Docklands OAMM oOh Out and About Marketing and Media QMS Media Sportsmate Australia trading halt

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Digital sport outdoor media labeled as new $20m investment for QMS Media

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