A City Media AB (publ) (OM:ACM) acquired GM-Gruppen Moving Message AB for SEK 34.8 million on December 12, 2016. Under the terms of the consideration, A City Media agreed to pay 4 million cash and 88,496 A City Media shares. An additional SEK 3 million and SEK 4 million are payable in cash at 12-month and 24-month from the possession. The terms of the transaction also include certain performance based payments capped maximum in an amount of SEK 16.4 million. The threshold performance for this cap amount is derived as sales and EBITDA for 2017 to reach SEK 38 million and SEK 7 million respectively and sales and EBITDA for 2018 to reach SEK 41 million and SEK 7.5 million respectively. A City Media AB (publ) (OM:ACM) completed the acquisition of GM-Gruppen Moving Message AB for SEK 35 million on December 12, 2016.