WPP Group PLC
4 September 2000
WPP GROUP PLC ('WPP')
ACQUIRES SPAFAX - LEADING PROVIDER OF INFLIGHT
ENTERTAINMENT CONTENT
WPP announces that it has acquired 100% of the equity of
Spafax Airline Network Limited ('Spafax'), the leading
international provider of inflight entertainment content
(IFE), from Pensa Ltd, a private media services group.
Spafax, which has 103 employees and offices in London,
New York, Montreal, Toronto, Newport Beach and Singapore,
is the leading provider of IFE to over 60 clients
including; British Airways, Air Canada, Singapore
Airlines, Delta, Swissair, Scandinavian Airlines Systems,
Emirates, Sabena, Austrian, Royal Jordanian, El Al, Air
Mauritius and others. Spafax also publishes the highly
prestigious tate' art magazine for Tate Galleries.
The company had revenues of £16,082,619 in the calendar
year 1999 and net assets of £166,141 as at 31 December
1999 and will form part of the branding & identity,
healthcare and specialist communications division of WPP.
The acquisition of Spafax continues the implementation of
WPP's strategy of establishing a leadership position in
the fast-growing sectors in communications services.
For information: Feona McEwan, WPP
Tel +44-20 7408 2204
www.wpp.com
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