WPP PLC WPP Acquisition

  WPP PLC (WPP) - Acquisition

RNS Number : 0812Q
WPP PLC
01 November 2012




FOR IMMEDIATE RELEASE 05 November 2012

                                      

                                      

                                      

                               WPP PLC ("WPP")



   GroupM agrees to acquire a majority stake in Netbooster Asia, a leading
          digital marketing agency in the Philippines and Indonesia

                                      

WPP announces that its  wholly owned operating  company, GroupM, WPP's  global 
media investment management arm, has agreed to acquire a majority stake in  NB 
Agency Asia Holding Limited ("Netbooster Asia"), the Hong Kong holding company
of digital marketing  agencies in  the Philippines and  Indonesia, subject  to 
regulatory approval.



Founded in 2007 and based in Manila and Jakarta, Netbooster Asia is a  digital 
marketing agency offering media, production and creative services. The  agency 
employs around 110 people  and clients include  Unilever, L'Oreal, Del  Monte, 
Globe, BDO, Wyeth and Intel. This  acquisition will see Netbooster rebrand  in 
the Philippines as Movent. In Indonesia, the agency will be consolidated  into 
GroupM's digital offering.



Netbooster Asia's unaudited revenues for the year ended 31 December 2011  were 
approximately  US$2.4  million,  with  gross  assets  at  the  same  date   of 
approximately US$2.4 million.



This investment  will  be  a  further step  towards  WPP's  declared  goal  of 
developing its businesses in  the fast growing economies  of Asia Pacific,  as 
well as Latin America, Africa and the Middle East, Central and Eastern Europe.
Collectively, the Group, including associates, employs more than 46,000 people
in the  Asia Pacific  region,  generating revenues  of  $4.7 billion.  In  the 
Philippines, the  Group,  including associates,  employs  approximately  1,000 
people with revenues of over $70  million. In Indonesia, the Group,  including 
associates, employs 1,300 people with revenues of over $80 million.







Contact:

Feona McEwan, WPP

+44 (0)207 408 2204

                     This information is provided by RNS
           The company news service from the London Stock Exchange

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ACQUGGAAGUPPUBG -0- Nov/01/2012 10:22 GMT
 
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