Media Tech SPAC Acquires Drylab
Enlarged business positioned for growth through combination of proprietary technology and big studio experience
(London, UK; 28th March 2022) Media Tech SPAC plc (“MTS” or the “Company”), a company formed to undertake one or more acquisitions in the media and technology sectors, is pleased to announce that, having concluded detailed due diligence, it has reached and entered into a definitive agreement to acquire 100% of the share capital of Drylab A/S (“Drylab”), a leading film and TV production SaaS platform in Scandinavia. The acquisition is expected to complete in the coming weeks. Once complete, the combined businesses will be renamed Drylab Media Tech plc (www.drylab.io) to reflect the strengths of the two businesses.
Media Tech SPAC Plc
A special purpose acquisition company that has been formed to acquire companies within the media & technology sectors.
The world is experiencing massively accelerated adoption of new technologies in e-commerce, media consumption and automation of business to consumer and business to business processes.
MTS PLC is led by a team with substantial experience in global media and technology and plans to make acquisitions in the major technology growth sectors benefiting from the accelerated transition including:
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Digital technology
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Fintech
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Cyber security
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New Media
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Social Media
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Production
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Digital Imaging
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Content distribution
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Augmented reality
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Virtual reality
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Immersive/mixed reality
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Gaming & Interactive entertainment
Acquisition Criteria
The board of MTS Plc have extensive experience in the acquisition and sale of companies and have
a clear criteria on identifying appropriate targets.
MTS PLC is focused on software, cloud and hybrid software/hardware companies that meet the following criteria:
• Clear value proposition and demonstration
evidence of adoption and traction
• Disruptive potential
• Large market with high growth characteristics
• Opportunity for new market leaders to emerge
• Strong underpinning industry and/or technology foundation
• Proven leadership covering sales, operations and intellectual property
The Board & partners will advise all target companies on their growth strategies and use their extensive network to provide rapid growth strategies.
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