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WPP Acquires Italian Sales Automation Software Company XTEL Group

22nd Apr 2014 12:07

LONDON (Alliance News) - WPP PLC said Tuesday that it had acquired Italy-based sales automation software company XTEL Group via its retail data, analytics and consulting business Kantar Retail.

XTEL posted revenues of EUR8.3 million for 2013, with gross assets of EUR800,000 as at December 31, 2013.

Shares in WPP were trading up 1.3% at 1,278.00 pence Tuesday morning.

By Hana Stewart-Smith; [email protected]; @HanaSSAllNews

Copyright © 2014 Alliance News Limited. All Rights Reserved.


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