Taylor Nelson Sofres PLC
10 April 2001
10 April 2001
Taylor Nelson Sofres reinforces presence in India
Taylor Nelson Sofres, a world leader in market information, has acquired the
70 per cent of the issued share capital in Taylor Nelson Sofres Mode Private
Limited ('Mode'), a leading market information company in India. The original
30 per cent holding was purchased by the group in May 1997.
Established in 1989, Mode has 200 full time staff across12 offices in India
and also offers coverage in neighbouring countries. It has well-established
client relationships with the leading local companies and the multinationals
active in the region. Mode's activities encompass a wide range of markets
including Consumer, Media, IT/Telecoms, Healthcare, Business and Finance and
Mode's revenue for the year ended 31 March 2000 was £2.3 million and net
assets at that date were £0.1 million. The senior management team will remain
with the business.
Commenting on the acquisition, Tony Cowling, Chairman of Taylor Nelson Sofres,
'With a population of over 1 billion, India is an important market and we are
delighted to have the opportunity to extend and strengthen our operations
there. With its significant expertise in sophisticated data analysis and
market research related software development, Mode is currently developing
software for the group and we expect to extend this activity.
'We believe that Mode is one of the few agencies that can effectively and
adequately service the subcontinent and its clients. The company is strong in
many of our specialist sectors and this is another step in our strategy to
develop our sector activities into global businesses.'
For further information, please contact:
Tony Cowling, Executive Chairman
+44 (0)1372 825 900
Janis Parks, Investor Relations Manager
+44 (0)20 8967 1584
Charles Vivian, Citigate Dewe Rogerson
+44 (0)20 7638 9571
Email to: Janis.Parks@tnsofres.com
Note to editors
Taylor Nelson Sofres
Through its international network in more than 50 countries, Taylor Nelson
Sofres provides market information services in over 80 countries to national
and multi-national organisations. It is ranked as the fourth largest market
information group in the world. Further information on Taylor Nelson Sofres is
available from the corporate website: www.tnsofres.com.