PA Media Group, the UK-based news and information business, announced that it has acquired Alamy, a leading supplier of stock imagery.
The acquisition sees the PA Media Group enter the stock imagery market for the first time. It also supports the Group’s long-term strategy to diversify its business and consolidate its position as the UK’s leading provider of cross-platform news, sport and entertainment data, content and services.
Alamy will complement PA Media Group’s editorial picture syndication business, PA Images, whose archive charts more than 100 years of British history, along with royal, entertainment, sport and news photography.
Clive Marshall, Chief Executive of PA Media Group said, “This transformational acquisition will significantly increase our customer base and provide the PA Media Group with a strong presence in the international market for the first time. In addition, this acquisition will further strengthen the financial performance of the company and help secure the future of our core news agency business.”
James West, co-founder of Alamy, said, “PA Media Group is a natural home for Alamy. As well as having one of the UK’s most comprehensive photo archives, PA shares our ethos of integrity and quality, and has an excellent reputation built over 150 years. Alamy can look forward to a fantastic future as part of the PA Media Group.”
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