WPP makes acquisition in Finland
Highly acquisitive media giant WPP has announced that JWT, its wholly-owned advertising agency network, has acquired a majority equity stake in Activeark, a leading full service digital agency in Helsinki, Finland.
Highly acquisitive media giant WPP has announced that JWT, its wholly-owned advertising agency network, has acquired a majority equity stake in Activeark, a leading full service digital agency in Helsinki, Finland.
The agency has operations in both the UK and India and employs more than 80 people.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
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
The firm's gross revenues for 2011 were €8.1m with gross assets of €3.4m.
WPP said: "This acquisition continues the company's strategy of investing in digital capabilities and its commitment to developing its strategic networks throughout Europe."
The share price fell 0.19% to 797p by 14:08.
NR
-
The UK regions with the highest proportion of homes above the inheritance tax thresholdHigh house prices are pushing more families into the inheritance tax trap across the country
-
Are money problems driving the mental health crisis? MoneyWeek TalksPodcast Clare Francis, savings and investments director at Barclays, speaks about money and mental health, why you should start investing, and how to build long-term financial resilience.
