WPP Group PLC
03 January 2008
For Immediate Release 3 January 2008
WPP GROUP PLC ("WPP")
JWT acquires stake in digital and dialogue marketing agency, Tagora, in Belgium
WPP announces that its wholly-owned operating company, JWT, the leading
marketing communications group, has acquired a 75% stake in Tagora.com NV
("Tagora"), a leading Belgian digital and dialogue marketing agency.
Tagora has offices in Brussels and employs 30 people. Tagora's major clients
include Radisson, CISCO, Carlsberg and the European Commission and serves some
of Belgium's top businesses and organisations, including Nuon, Walibi, Trade
Mart and Belgian National Bank.
Tagora's revenues for the year ended 31 December 2006 were €3.6 million with
gross assets at the same date of €2.74 million.
This acquisition continues WPP's strategy of developing its networks in fast
growing markets and sectors and strengthening its capabilities in digital media.
Contact:
Feona McEwan, WPP
T. 44 (0)20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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