Stratacache has added to its previous acquisitions by buying X2O Media of Montreal from Barco, which bought the company back in 2014. Barco said that digital signage was no longer a strategic focus for Barco, so the sale fits its strategy. On the other hand, Stratacache said that it believes that the X2O software platform versatility, and its capability to address any display – be it fixed or mobile – will prove to be an important asset.
X2O Media employs about 45 people and will continue to operate from Montréal, Canada. Today, the company reports annual sales of €5 million with EBITDA close to break-even. Final closing of the transaction is subject to customary closing conditions and is expected in the coming weeks.
No details of the price paid was released.
