DC Thomson Media has announced the acquisition of Aceville Publications, publishers of What Franchise, Global Franchise and Making Money magazines.
Headquartered in Dundee, DC Thomson Media has been publishing for over 100 years and has a portfolio of more than 20 magazines, including the much-loved brands The People’s Friend and Beano.
Chief Executive Officer at DC Thomson Media, Mike Watson, said, “We’re excited to have acquired Aceville and are looking forward to working together. The team at Aceville, and their portfolio, are a great fit for our business and this collaboration opens up a host of opportunities for both businesses. This is a hugely exciting time for everyone at DC Thomson Media and Aceville.”
Effective immediately, the acquisition of Aceville by DC Thomson Media will bring a combined portfolio of around 70 magazines as well as a number of digital properties and events.
Mike continues, “This acquisition will materially change our landscape and is a key step in our Protect, Launch, Diversify strategy.”
Matthew Tudor, Managing Director at Aceville, said, “We’re thrilled to be joining DC Thomson Media. They have great heritage and credibility in the publishing industry and I’m looking forward to working together to strengthen the combined portfolio.
“DC Thomson Media holds some brilliant brands and I’m confident the Aceville titles and expertise will complement this. The portfolios align brilliantly and bring real opportunity to improve content for all of our readers.”
He goes on to say “With offices around the world the opportunities for continued and accelerated growth of Global Franchise, it’s awards and events along with regional reports and new products, are huge. Likewise the UK specific titles, What Franchise and Making Money, will benefit enormously from the distribution and digital reach of the new company“