WPP Group PLC
9 July 2002
FOR IMMEDIATE RELEASE 9 July 2002
WPP GROUP PLC ("WPP")
Ogilvy Public Relations Worldwide acquires Era Public Relations in Taiwan
WPP announces that its wholly-owned operating company Ogilvy Public Relations
Worldwide, has acquired 70% of the issued capital of Era Public Relations
Company Limited ("Era"), one of Taiwan's leading technology-specialist public
relations firms.
Founded in 1992, Era has a staff of 40 people in its Taipei office, providing
communications services to blue-chip clients including Hewlett Packard, Dell
Computer, Oracle, Priceline, Xilinx, ARM and Cypress as well as many local
clients.
Commenting on the acquisition, Matthew Anderson, President Asia Pacific of
Ogilvy PR said: " We are committed to strengthening specialist PR in Taiwan and
linking Taiwan in constructive ways with other parts of Greater China and the
world. We have built our network in Asia first by attracting top, locally
rooted talent and second by fostering a culture that encourages collaboration
and strong international links."
Era reported revenues of US$1.49 million for the year ended 31 December 2001 and
had net assets of US$0.84 million at that date.
The acquisition of Era, which creates the largest PR capability in Taiwan with
more than 100 people, further strengthens Ogilvy PR's comprehensive range of
communications services to clients and continues WPP's strategy of expanding its
networks in fast-growing sectors and important markets.
Contact:
Feona McEwan, WPP 44-20 7408 2204
www.wpp.com
www.ogilvypr.com
This information is provided by RNS
The company news service from the London Stock Exchange
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