VMO expands New Zealand network by +44% with the successful acquisition of oOh!media NZ office tower assets.
VMO has successfully completed the acquisition of oOh!media office tower assets in New Zealand.
The acquisition of oOh!media assets bolster the VMO Work network footprint by +44% and screen count by +50%.
VMO’s New Zealand network now has over 120 office tower locations with over 230 screens nationally.
The VMO network now reaches over 40% of office professionals across Auckland & Wellington.
VMO (Val Morgan Outdoor) has successfully completed the acquisition of oOh!media office tower assets in New Zealand, making VMO the only dedicated provider of office tower media and the only provider with the ability to reach over 40% of affluent office professionals across Auckland and Wellington.
The acquisition of oOh!media assets bolster the VMO Work network footprint by +44%, with the portfolio now covering 120 locations in Auckland, Wellington, and Christchurch. Screen counts have also grown by +50% taking the VMO network to over 230 screens in total. With the addition of these new assets, the VMO Work network now reaches 2 million contacts weekly.
The acquisition has been completed alongside further upgrades to existing as well as new premium assets installed at additional sites, continuing to fill the appetite from commercial property owners to modernise and improve their property assets.
Rob Forsyth, VMO New Zealand Commercial Director, said, “The VMO Work network has experienced consistent growth since inception. The recent acquisition of the oOh! network was a prime opportunity to add national scale and compliment the rest of the network, cementing our national footprint and market-leading position within office media.”
Matt Tremain, Val Morgan Group Sales Director, commented “We’re excited at the opportunity to reach even more hard-to-reach professional audiences. Despite various disruptions due to restrictions, the team have outperformed expectations as clients continue to realise the clear benefits and results of the office tower medium.”
*Source: VMO Work audience is based on internal modelling utilising DART, Internal survey data and building metadata. Professional Workers are based on data from NZ. Stat 2020 survey and defined as people who work in the following industries: Information Media and Telecommunications, Financial and Insurance Services, Rental, Hiring and Real Estate Services, Professional, Scientific and Technical Services, Administrative and Support Services, Public Administration and Safety.