14th Feb 2008 10:52
WPP Group PLC14 February 2008 FOR IMMEDIATE RELEASE 14 February 2008 WPP GROUP PLC ("WPP") WPP Digital acquires digital agency HeathWallace Limited in the UK WPP Digital, the digital investment arm of WPP Group plc ("WPP") announces thatit has acquired 75% of the issued capital of HeathWallace Limited("HeathWallace"), a leading UK website design and development agency. Founded in 2001, HeathWallace is based in Reading with an office in Hong Kongand employs 60 people. Clients include HSBC, RBS, ABN Amro and AIB. HeathWallace's unaudited revenues for the year ended 31 December 2007 were £4.3million, with gross assets at the same date of £3.1 million. This investment continues WPP's strategy of developing its networks in fastgrowing sectors and markets 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:
WPP