Aegis Group on Monday announced the acquisition of Lucidity Digital, a web design and development agency in Ireland.
The London-based media and digital communications group said the move would give clients access to a full suite of digital creative and production services.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Lucidity, founded in 2003, will become part of Aegis's digital creative origination network, Isobar, and will be re-branded Lucidity Isobar in Ireland.
Liam McDonnell, Chief Executive Officer of Aegis Media Ireland, said: "We are delighted to be acquiring Lucidity, which will enhance the prospects of our business in the Irish market, allowing us to offer greater integration across digital media and creative.
"We welcome the Lucidity team into the fold and look forward to working with our new colleagues to leverage the exciting opportunities this acquisition will bring to our business in Ireland."
Jim Cassidy, Co-Founder of Lucidity, said the company was thrilled to join the Aegis network.
"This transaction will allow us to really scale our business in terms of both service offering and client base. We are already looking forward to working with our new colleagues to deliver outstanding digital creative and media solutions for our clients."
Aegis shares were down 0.08% to 235.60p at 10:15 Monday.
RD
-
Review: The Hut, Colwell Bay – a seafood lunch with a holiday feelTravel Getting to The Hut in Colwell Bay on the Isle of Wight is almost as rewarding as actually eating there
-
What is the 7 year inheritance tax rule and how does it help cut your bill?Speculation is rife chancellor Rachel Reeves has plans to target inheritance tax once again in her upcoming Budget. But the 7 year inheritance tax rule can save you thousands - here’s how it works.
