5th Jul 2007 14:01
WPP Group PLC05 July 2007 FOR IMMEDIATE RELEASE 5 July 2007 WPP GROUP PLC ("WPP") G2 acquires digital agency Refinery, Inc. in US WPP announces that its wholly-owned operating company G2 Worldwide, the globalmarketing services network, has acquired the business of Refinery, Inc.,("Refinery") a leading interactive marketing solutions agency. Founded in 1995, Refinery is a leader in the interactive field, leveraginginnovative digital technologies to bring consumers and brands closer togetherfor clients such as Merck, Campbell's, Merrill Lynch and AmGen. The agency isbased near Philadelphia, US and employs 79 people. Refinery's revenues for the year ended 31 December 2006 were US$ 21.1 million,with gross assets at the same date of US$8.6 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening its capabilities in digital media. Contact:Feona McEwan, WPP T. +44 (0)20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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