Report
Julien Onillon
EUR 250.00 For Business Accounts Only

Claranova: A bet? Yes, but above all a great opportunity

Claranova has announced that it has filed an offer to acquire the "Personalized Creations" subsidiary of FTD Companies, one of the leading US florists currently in bankruptcy (Chapter 11). PlanetArt, the group's photographic printing subsidiary, offered USD18.1 million to acquire an activity that generates approximately USD110 million in revenue by selling personalized gifts for various occasions (birthdays, weddings, etc.) through its website. This acquisition may seem like a gamble. It seems to us to be a very good opportunity.

Underlying
Claranova SE

Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.

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LPE Research
LPE Research

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Analysts
Julien Onillon

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