Group Acquires Majority Share in Spanish Location-based Advertising Service

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29.04.15 Group Acquires Majority Share in Spanish Location-based Advertising Service

To press release overview

International group now holds a share of 64 percent in the Spanish market leader for mobile, location-based advertising / Additional growth capital promotes expansion in Spain and Latin America

The Group belonging to Axel Springer SE is increasing its share in Ofertia, the leading mobile offer for location-based circular advertising and high street retail in Spain, headquartered in Barcelona. With this investment Group now holds a majority share of 64 percent in Ofertia. The founders and current shareholders Thomas Roggendorf and Jaume Betrián will hold the remaining 36 percent and will also be in charge of operational management of the company in future.

Ofertia is also represented on the Latin American market alongside Spain and has already expanded its product range to Colombia, Chile and Mexico. Additional growth capital is to further accelerate the expansion of the company in Spain and Latin America.

Christian Gaiser, CEO and founder of Group, to which the German brands kaufDA and MeinProspekt belong, states: “As the leading mobile player for location-based circular advertising in Spain, Ofertia drives the development on Smartphones and Tablets on the entire Spanish-speaking advertising market. For this reason, we are pleased to also significantly support expansion in Spain and Latin America and to continue our successful internationalization strategy here in addition to the acquisition of a majority share. I would like to thank Thomas Roggendorf and Jaume Betrián, who led Ofertia toward its current success together with their strong team. I very much look forward to our future cooperation”.

About Group Group belongs to Axel Springer SE and has been offering professional solutions for high street retail in the area of location-based services since the start-up of kaufDA in 2008 and as an innovation engine defines the future of digital circular advertising. In only six years the group was able to become an internationally leading network for location-based brochure advertising. Today Group reaches consumers on nine markets around the world with its mobile apps and websites: USA, Germany, France, Russia, Brazil, Spain, Mexico, Colombia and Chile. In Germany the brands kaufDA and MeinProspekt with to date more than 12 billion visited circular pages and 8 million users per month make up the largest  consumer reach combination in their sector. The German founder Christian Gaiser is at the head of Group as CEO.

Press Contact Axel Springer SE:
Michael Schneider

Tel: +49 30 2591 77644

Press Contact Bonial Intl. GmbH:
Joachim M. Guentert

Tel: +49 30 6098960-66