30th Jan 2007 09:04
WPP Group PLC30 January 2007 FOR IMMEDIATE RELEASE 30 January 2007 WPP GROUP PLC ("WPP") GroupM acquires Reddion BV in The Netherlands WPP announces that GroupM, the parent company for its media investmentmanagement activities, has acquired the entire issued share capital of ReddionBV, ("Reddion"), a leading Dutch digital media and eCRM solutions agency. Founded in 1998, Reddion BV is based in Rotterdam and employees 22 people.Clients include Unilever, KPN, Postbank and FBTO. Reddion's turnover for the year ended 31 December 2005 was €2.2million, withgross assets at the same date of €3.4million. This investment continues WPP's strategy of developing its networks in fastgrowing sectors and strengthening its capabilities in digital media. Contact: Feona McEwan, WPP +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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