MoneySupermarket.com Group PLC has completed the acquisition of MoneySavingExpert.
MoneySavingExpert was established in 2003 by Martin Lewis and is one of the UK’s leading personal finance and personal finance journalism websites, with reported revenues of £15.773 million and EBITDA of £12.642 million in the year ended 31 October 2011.
MoneySupermarket.com and MoneySavingExpert have worked closely together for a number of years with the common goal of helping customers save money. The acquisition supports MoneySupermarket.com’s strategy through enhancing Moneysupermarket.com’s brand and user content; growing direct-to-site revenues and improving the customer experience; and utilising Moneysupermarket.com’s skills to optimise MoneySavingExpert’s website and user experience.
Martin Lewis will remain as editor-in-chief of MoneySavingExpert. MoneySupermarket.com intends to preserve the editorial independence of MoneySavingExpert through an agreed editorial code.
UK, Ewloe, Wales
Previous reporting:
- Moneysupermarket.com’s acquisition of MoneySavingExpert is expected to complete tomorrow Posted on September 20, 2012
- MoneySupermarket.com acquires MoneySavingExpert for £87m Posted on June 1, 2012
- MoneySupermarket.com Group – interim results for the six months to 30 June 2012 Posted on July 26, 2012
- Apax Partners target Moneysupermarket Posted on October 31, 2010
