Motio Limited (ASX: MXO) announced that it had signed a binding agreement to acquire oOh!media s Café and Venue Digital Place Based networks for AU$2.35 million under a vendor financing facility provided by oOh. The company’s team will work with oOh! Counterparts to integrate the two networks over January and February include displays, Wi-Fi, and commercial agreement changes in readiness for completion on March 1, 2023.
The company signed a purchase agreement to acquire the Café and Venue network at AU$ 2.35 million in consideration for the combined Café and Venue network business assets, including screens installed at various locations and license agreements with location owners. The two networks includes of more than 450+ locations reaching crucial audiences in long dwell time environments. These locations comprise of Cafés in CBDs and key urban locations as well as digital displays in landmark licensed Venues Australia wide.
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