WPP Group PLC
3 April 2001
3 April 2001
WPP acquires Glendinning
WPP Group plc ('WPP') announces that it has acquired Glendinning Management
Consultants Limited ('Glendinning'), a leading sales and marketing management
consultancy.
For 30 years Glendinning has been at the forefront of industry best practice,
helping blue chip clients develop world class skills and processes in sales
development, customer management, customer marketing and demand management.
Clients include bp, Buena Vista Home Entertainment, Coca-Cola, Frito-Lay,
GlaxoSmithKline, Heinz, Kimberly-Clark, Nestle, Pharmacia, Seagram, Tesco, UDV
and Unilever.
Founded in the 1960s, UK-based Glendinning is growing rapidly and expanding
its international presence with offices in Johannesburg, Frankfurt and
Bangkok.
Glendinning has already established a close working relationship with WPP's
retail knowledge community, The Store, participating in its retail seminars
around the world, in Mexico, Amsterdam, Johannesburg and Bangkok.
Commenting on the acquisition, Peter Swift, Glendinning's Managing Director
said, ' Joining forces with WPP will align Glendinning with a strategically
and culturally compatible partner whose vision closely matches our own and
whose geographic spread will both support and accelerate our growth in
international markets. More importantly, it will help improve our reach and
service for our clients, wherever they operate.'
The consultancy, which employs over 80 people, had revenues of £9.1 million
for the year to 30 June 2000 and net assets of £1.6 million at that date.
This acquisition continues the implementation of WPP's strategy of building a
stronger presence in fast-growing, functional and geographical areas of the
communications services market.
For further information please contact:
Feona McEwan at WPP
Tel +44-20 7408 2204
www.wpp.com
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