Motor Presse Stuttgart invests in TV and Digital business
Motor Presse Stuttgart has announced that it has made three acquisitions in Germany and Poland. The Stuttgart-based company is acquiring the www.caraworld.de transaction website as well as obtaining a majority holding in the television company Motor Presse TV. In Poland, Motor Presse is acquiring the content-based website www.mojeauto.pl.
Dr. Volker Breid, managing director at Motor Presse Stuttgart said: “These acquisitions have the goal of accelerating the digital transformation of Motor Presse Stuttgart in Germany and abroad and driving the development of strong print-digital brands.”
This involvement in the digital TV business also serves towards further reducing dependence on the classic publishing business. The parties have agreed not to disclose the purchase price for the respective acquisitions.