Business
Ebiquity Acquires Media Advis
Ebiquity Acquires Media Advis.
About this update from Ebiquity Plc
[{"type":"text","content":"\n RNS Number : 1040O Ebiquity PLC 23 June 2010 \n \n\nEbiquity Plc\n \nEbiquity establishes Italian presence and expands in Germany\n \nEbiquity acquires Media Advisor to establish a presence in Italy and confirms majority stake in Germany.\n \nEbiquity announces today that it has acquired a 51.0% stake in Media Advisor, a privately held independent media consultancy based in Milan. The business was acquired from the vendors, Arcangelo diNieri and Maria Gabrielli, who will continue to hold 49.0% of the company.\n \nAt the same time, Ebiquity has increased its shareholding in Billetts Germany GmbH) to 51%, consolidating its ownership position in the German market.\n \nThese two moves form part of the expansion of Ebiquity's international footprint, adding to its significant geographic reach and widening its service, including the additional lines-of-business following the acquisition of Xtreme Information in April 2010.\n \n Michael Greenlees, CEO of Ebiquity said:\n \n\"We are continuing to grow our network of offices to service our enhanced international product offering in marketing and media effectiveness and efficiency. Media Advisor is a high-quality business, which combined with our existing clients, will take market-leadership in the media auditing and consultancy market in Italy. Meanwhile, our business in Germany is growing as a result of organic growth and our acquisition of Xtreme Germany and the outstanding 50% of Thomson Media Control, and we are delighted to consolidate our shareholding in this critical market\"\n \n \n23 June 2010\n \n \nEnquiries:\n \n\n\n\n\nEbiquity Plc\n\n\nTel. +44 (0)20 7650 9600\n\n\n\n\nMichael Greenlees, Chief Executive Officer \n\n\n \n\n\n\n\nAndrew Beach, Chief Financial Officer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nNumis Securities Limited\n\n\nTel. +44 (0)20 7260 1000\n\n\n\n\nNick Westlake\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCollege Hill\n\n\nTel. +44 (0)20 7457 2020\n\n\n\n\nMatthew Smallwood \n\n\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END NRASEIFSDFSSESM\n ","length":4236,"tagName":"div"}]