PA Group sell MeteoGroup to General Atlantic

meteoPA Group, the parent company of the Press Association, is to sell its weather business MeteoGroup to global growth investment firm General Atlantic.

MeteoGroup, Europe’s largest private sector weather business, provides weather services for corporate, industrial, media and consumer markets including key sectors such as transport, marine and energy.

Since PA’s acquisition of MeteoGroup in 2005, the business has enjoyed consistent double digit growth in both revenue and profit and has more than doubled in size, employing almost 400 people in 14 countries.

Clive Marshall, PA Group’s Chief Executive, said: “The sale of MeteoGroup will provide the capital to enable us to continue to invest in and diversify the Press Association business, as well as address our pension fund deficit.

“This sale, which follows the divestment of our interest in Canada Newswire in 2012, is part of the company’s strategy to focus our activities on the Press Association news and information business; develop new products and services for both media and non-media customers; and seek strategic acquisitions that help diversify the revenue and profits of the company.

“Our recent investments in Globelynx and Sticky Content – companies that provide services to both the media and corporate markets – are key elements in our diversification strategy.

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PA Group acquires content marketing business Sticky Content

PA Group, the parent company of the Press Association, has acquired an 80 per cent stake in Sticky Content, a digital copywriting and content strategy agency, significantly increasing PA’s presence in the content marketing sector. PA’s content for marketing businesses will now operate under the Sticky Content name..

PA Group Acquires Content Marketing Business Sticky Content Continuing its Long-term Strategy for ReinvestmentCatherine Toole, Sticky Content’s former Chief Executive and new Chairman, said: “The Press Association is the perfect partner for Sticky Content, as the demand for effective, high-quality content soars. Now we can deliver pretty much any kind of content there is.

Emily Shelley, PA’s former Head of Content For Marketing and new Managing Director of Sticky Content, said:PA Group Acquires Content Marketing Business Sticky Content Continuing its Long-term Strategy for Reinvestment “Sticky Content sets the standard for best practice in digital copywriting – across usability, optimisation and conversion. They also lead the field in the execution of content strategy; a discipline which is becoming essential for all companies with a digital presence. By combining this digital expertise with PA’s live delivery of topical, engaging multi-platform content, we can capitalise on the demand for effective content marketing services. I’m excited about what we can achieve together for our clients and our business.”

Clive Marshall, PA Group’s Chief Executive, said: “This is the second significant investment we have made since we sold our stake in Canada Newswire at the end of 2012. Last month we acquired mminternational (Europe) – a leading European weather company – to exploit the significant opportunities for growth in our MeteoGroup weather business and further strengthen its position as one of the world’s leading commercial weather organisations. The acquisition of Sticky Content is part of our drive to broaden the market for the Press Association’s news and information services and expand the range of products and services that complement our traditional news feed business.”

UK, London

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PA Acquires Globelynx “TVready” Network November 19, 2011