OgilvyOne Worldwide Buys Dutch Marketing Agency
WPP Group PLC
23 December 1999
WPP GROUP PLC ('WPP')
OGILVYONE WORLDWIDE ACQUIRES DUTCH PROMOTION AND EVENT
MARKETING AGENCY, OFFICE
WPP announces that its wholly-owned operating company,
OgilvyOne Worldwide, has acquired 80% of the equity of The
Office Advertising Group B.V. ('Office'), a Dutch promotion
and event marketing agency, and has entered into options to
acquire the remainder of the equity.
Office, which is based in Amsterdam works with clients such
as Unilever, Cono Benelux, Dutchtone, Lever Fabergi, NCM and
Vrumona. In 1998 Office won Best European Promotion and a
Silver DMSA award.
Office employs 25 people and had revenues of NLG 4,550,000
in 1998 and net assets of NLG 750,000 as at 31 December
1998.
The acquisition of Office further implements WPP's strategy
of building its specialist communications capabilities and
further develops OgilvyOne Worldwide's 3600 brand
stewardship.
Contact:
Feona McEwan, WPP London 44-20 7408 2204
Wim van Melick, Ogilvy Netherlands 020 521 64 21
www.wpp.com
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