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Vistaprint To Buy Dutch Photobook Software Company Albumprinter For Up To $90 Million

Robin Wauters

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Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

Monday, October 24th, 2011
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Vistaprint this morning announced that it is buying European photobook software solutions provider Albumprinter for €60 million (~$83.3 million) in cash, with up to €5 million (~$9 million) in earn-out, if certain performance-based requirements are met in 2012.

Albumprinter, based in Amsterdam, with a manufacturing presence in the Hague, has generated roughly €37 million (~$51.5 million) in revenue in the trailing twelve months ended September 30, 2011, according to a statement. Net income margin for the same period was about 8%, and EBITDA was approximately 16% (approximately €6 million).

Read the rest of the story on TechCrunch Europe.

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