Subsidiary Acquires Rada Recruitment Comm's
WPP Group PLC
7 February 2000
WPP GROUP PLC ('WPP')
J. Walter Thompson acquires UK
recruitment communications business
WPP announces that its wholly-owned recruitment and
employee communications subsidiary, JWT Specialized
Communications Limited, has acquired the business and
assets of Rada Recruitment Communications Limited
('Rada'), a UK firm specialising in the recruitment,
property and education markets.
London-based Rada, which will change its name to JWT
Specialized Communications, is one of the leading
recruitment communications companies in the UK with a
blue chip client list. The company, which employs 50
people, had revenues of £3million in 1998 and net assets
of £70,000 at 31 December 1998.
As a result of the acquisition, UK clients will have
access to an expanded range of recruitment services
including new media and web-related employment services.
'Our expanding, global client roster makes it imperative
to have a major presence in the UK recruitment
marketplace,' says Tim Gibbon, President and CEO of JWT
Specialized Communications. 'Our new UK presence, added
to our 30 offices in North America, Singapore and
Australia, strengthens our position as a major
international player in the recruitment arena.'
JWT Specialized Communications is one of the worlds
largest recruitment communications companies and a wholly-
owned subsidiary of J. Walter Thompson Company, the
global advertising agency. Both companies are operating
companies of WPP.
For further information:
Feona McEwan, WPP Tel: 020 7408 2204
www.jwtworks.com
www.wpp.com
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