Wednesday, November 23, 2011

Service Point talks about its growing photobook business, Vistaprint pays a lot of money to acquire Albumprinter

Press Release from the issuing company….

Service Point Germany reaches the third position in Europe in the growing market of digital photobooks

Service Point Germany jumps from 6th to 3rd biggest European producer of photobooks

Photobook demand increased by 24% in 2010 with similar growth expected in 2011

Highly reliable, robust and safe production processes is key to Service Point success

Barcelona, 23 November 2011 – According to research published by Futuresource this month, Service Point jumps from sixth to third largest digital photobook producer in Europe. Service Point has developed a unique market offer, with emphasis on high quality gloss photos, wide range of sizes and a state-of-the-art production facility.

The market has shown excellent growth in the recent years. Four percent of all Europeans bought a photobook in 2010, an increase of 24% of the demand, a growth rate which is anticipated to continue throughout 2011. The projections foresee that over 20 million are expected to be sold in 2011 in Europe.

In this attractive market, Service Point has managed to achieve an important position thanks identifying the opportunity three years ago and setting up the most modern photobook factory in Europe. Not only was it considered producing photobooks that were popular with end customers, but also securing the ISO 9001 certificate, which guarantees its business customers the reliability and robustness that they need to take their photobooks to market.

“Our quality finishes and variety of formats is accelerating our growth because customers are demanding new and better quality products; within our offer of online services this is a successful key initiative in which we want to continue investing in the coming years” says Juan José Nieto, President of Service Point.

Not only is the market growing, but customer preferences are also becoming more sophisticated. The demand for better quality, especially gloss photos, larger sizes such as 30x30cm and special covers such as leather or textile is motoring Service Point Germany’s rise towards becoming the biggest photobook producer in Europe.

“Because our production equipment is so advanced, it’s easier to automate the process which means that our turnaround times are faster than our competitors,” says Juan José Nieto.

Service Point Solutions ( provides an all-in-one managed solution for clients wishing to have their information processed, communicated or managed by a true service-focused partner. Our 2,140 professionals, based in eleven countries (UK, US, Spain, Germany, Netherlands, Belgium, Norway, Hong Kong, France, Sweden and Russia) provide products and services across a network of 130 service points and 800 facilities management programs. SPS is headquartered in Spain and listed on the Madrid and Barcelona stock exchanges (ticker: SPS.MC).

For further information Pablo Biosca / Miguel Ramos

+ 34 93 580 10 12

Well, since I’ve posted Service Point’s press release about its European “photobook” business, I guess I should mention that Vistaprint, on October 25, 2011, announced that it was acquiring a company known as “Albumprinter”. Take a look at the portion of the press release that Vistaprint released in October …..

Tuesday, October 25, 2011

Press release from the issuing company

Vistaprint N.V., a leading online provider of professional marketing products and services to micro businesses and the home, today announced it has entered into a definitive agreement to acquire Albumprinter, a privately held Dutch photo book and photo product company, for EURO 60 million payable at closing and up to an additional EURO 5 million based on a performance based earn-out. This acquisition is in line with Vistaprint's recently announced strategy to be more proactive in its evaluation of acquisition opportunities in adjacent markets.

Albumprinter, based in Amsterdam, with a manufacturing presence in the Hague, is one of the top providers of photo books in the estimated EURO 400 million European online photo book market. With approximately EURO 37 million in revenue in the trailing twelve months ended September 30, 2011, the company employs about 150 full-time employees, and has a primary market presence in the Netherlands, Belgium, the United Kingdom, Germany, France, Sweden and Norway. Through its award-winning proprietary front-end technology, automated manufacturing processes, customer service and marketing focus, the company processes thousands of orders per day through both a direct-to-consumer model via its brands Albelli, Bonusprint, and Önskefoto, and an indirect model, for which it has partnered with leading retail stores throughout Europe. See for more details on the company.

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