This acquisition gives Clear Channel (now: Bauer Media Outdoor) a dedicated operations organisation and strengthens the company's ability to deliver innovative solutions within urban mobility and urban development.

"This deal is an important step for us. We have had a close working relationship with UIP for many years and the acquisition gives us the opportunity to leverage their strong operational skills and expertise in urban planning and urban mobility in our business. This will not only strengthen our position in the market, but also provide our customers and partners with an even better experience.

- Dennis Højland Nyegaard, CEO of Clear Channel

"UIP is known for its high level of expertise in operations, urban development and urban mobility, which will be a valuable asset for Clear Channel.

- "We look forward to having UIP on board. Their expertise will strengthen our ability to deliver holistic and innovative solutions to our customers and partners," says Højland Nyegaard

Espen Øyen, CEO of UIP, will be part of Clear Channel's management team, while both organisations will basically continue as they are today. Øyen knows Clear Channel well. He is looking forward to the new partnership and to joining Clear Channel's management team.

"We look forward to becoming part of the Clear Channel family. Through this acquisition, we gain access to Clear Channel's extensive commercial resources and marketing platforms, which will strengthen our position and open up new growth opportunities.

- Espen Øyen, CEO of UIP

A sustainable future

With this acquisition, Clear Channel and UIP are now better equipped to meet future challenges in urban mobility and city planning.

by combining the strengths of our organisations, we can offer more sustainable and efficient solutions for our cities. Together, we will drive the development of advertising-financed solutions that contribute to a smarter and more environmentally friendly urban space.

- Dennis Højland Nyegaard