8th Apr 2008 14:00
WPP Group PLC08 April 2008 For Immediate Release 8 April 2008 WPP GROUP PLC ("WPP") Cohn & Wolfe acquires majority stake in AxiCom, leading pan-European technology public relations agency WPP announces that its wholly-owned operating company Cohn & Wolfe, a leadingpublic relations and public affairs network, has acquired a majority stake inAxiCom Limited, ("AxiCom"), a leading pan-European technology public relationsagency. AxiCom manages public relations for companies across all sectors of modern B2B,with specific expertise in consumer technology, electronics, digital media,enterprise computing, wireless and mobile, telecoms and networks. AxiCom wasnamed "Best Specialist PR Agency Network to Work For" by The Holmes Report inboth 2006 and 2007. Founded in 1994, AxiCom is based in London, with wholly-owned operations inMunich, Paris, Stockholm, Amsterdam, Milan and Madrid. AxiCom employs 82 peopleand clients include BT, Dell Equalogic, Ipass, Red Hat, Sling Media and VM Ware. AxiCom's unaudited revenues for the year ended 31 December 2007 were £5.8million, with gross assets at the same date of £4.9 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact: Feona McEwan, WPP T. +44 (0)20 7408 2204 www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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