IZMO Limited — Important, 21-01-2025: Updates

izmo Inc, a subsidiary of Izmo Limited, has acquired Geronimo Web, a UK-based leader in digital marketing programs for automotive OEMs and dealers. Geronimo Web employs 30 staff and reported a turnover of GBP 1.2 million. The acquisition is targeted at enhancing Izmo's client base and market reach within the same sector. The total cash consideration for the acquisition is GBP 100,000, with an earnout for promoters and an anticipated investment of GBP 2 million earmarked for expanding the business over the next year. The completion of this acquisition was finalized in July 2024, providing Izmo with full ownership and control. This move signals potential growth opportunities for investors, positioning the company to strengthen its market presence. Watch closely for how this strategic tie-up develops in the digital marketing space for automotive clients.