22nd Jan 2016 07:10
LONDON (Alliance News) - WPP PLC said Friday that it has acquired a majority stake in German digital agency Conrad Caine GmbH, via its digital agency POSSIBLE Worldwide.
Conrad Caine was founded in 1998 and employs 140 people across its headquarters in Munich, Germany, and other offices in Pelotas, Brazil and Buenos Aires, Argentina.
It reported revenue of EUR8.5 million in 2014, and had gross assets of EUR3.6 million as at the end of 2015.
Financial details of the acquisition were not disclosed.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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