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WPP to Acquire German Creative Agency Group Thjnk
Monday 17 July 2017

17 July 2017 - UK-based advertising and public relations group WPP plc (LSE: WPP) (NASDAQ: WPPGY) has agreed to acquire German creative agency group thjnk AG, the company said.
 
Founded in 2012 in Hamburg, with offices in Berlin, Dusseldorf, Munich, Zurich and New York, thjnk is an agency group specialising in advertising, design and corporate publishing.

Recently it was named Agency of the Year 2017 by German trade publication Werben and Verkaufen. The agency employs 400 people.
 
It will remain an independent brand within the WPP group, led by its founding partners Karen Heumann, Armin Jochum and Michael Trautmann along with Ulrich Pallas.
 
As a result of UK's referendum decision to leave the European Union, WPP is placing an even greater emphasis on growth in Western Continental Europe, which includes four of the group's top 10 markets worldwide, Germany, France, Italy and Spain.

This acquisition continues WPP's strategy of investing in fast growth markets and important sectors.

In Germany, WPP companies (including associates) collectively generate revenues of approximately USD 1.3bn and employ around 8,000 people. On this basis, Germany is WPP's fourth largest market after North America, the UK and Greater China.
Details
Date Published: 17/07/2017
Target: thjnk AG
Country: Germany
Sector: Advertising/PR
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: WPP plc
Comment:
Terms of the deal were not disclosed

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