Bath-based publishing house Future has acquired Centaur Media’s home interest division for £23 million, subject to shareholder approval.
The publishing company currently produces over 50 magazines each month in various markets, including video games, music, technology and photography.
Speaking about the acquisition, Zillah Byng-Thorne, CEO of Future, commented: “Centaur’s Home Interest division will significantly add to our scale and momentum, while further diversifying our revenue streams, as we continue to build a global platform business for specialist media with data at its heart.
“The Home Interest division brings a strong management team and market leading access to an attractive new vertical with clear growth potential. Home Interest’s brands, market position, industry leading events and quality content are a strong fit and will further reinforce our position as a trusted destination for consumers and for our customers.
“We have a track record in profitably integrating acquisitions and we expect the acquisition of Centaur’s Home Interest division to be materially earnings enhancing in the first full year of ownership.”