News and Announcements
Acquisition of Online Homewares Store – Your Home Depot (yourhomedepot.com.au)
- Published February 17, 2014 11:35AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
- A transformational acquisition that significantly enhances Shoply’s scale and expands the Company’s existing online shopping offering into the complementary Homewares and Home Appliances segment
- YourHomeDepot.com.au generated $12.9 million in revenue and $1.0 million EBITDA in FY13
Shoply Limited (“Shoply” or “the Company”) is pleased to announce that it has entered into a Heads of Agreement with Your Home Depot Pty Ltd (“YHD”) for a proposed acquisition of the key assets of the YHD business (“the Transaction”).
The Transaction:
Shoply will pay all-cash consideration of $2.85 million for the assets of YHD on a debt-free basis. The primary assets of YHD include:
• the domain name and website assets associated with yourhomedepot.com.au which generated close to $12.9 million in revenue in FY13 with an EBITDA of $1.0 million;
• a database of approximately 130,000 retail and commercial clients;
• stock on hand to the value of $1.5 million; and
• a recently fitted out leasehold warehouse facility of around 2,300m2 located approximately 24km north-west of Sydney’s CBD.
To read the full ASX Release please click on the document below.
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