WPP Group PLC
27 March 2000
WPP GROUP PLC ('WPP')
Research International acquires Sifo Research & Consulting
WPPs wholly-owned operating company, Research International
('RI'), has acquired Sifo Research & Consulting ('SRC'), a
division of Sifo Group A.B., which is listed on the
Stockholm Stock Exchange.
SRC is the market leader in Sweden in market research and
related consulting services and a leading research company
in Norway and Denmark, employing 375 people. It offers
clients brand and communications management, media analysis,
market strategy development and market planning, public
opinion polling, healthcare research and a proprietary
measurement service, Management of Intangible Assets, which
is used by clients to measure the impact of change
management programmes using online information collection
and delivery systems. SRC had revenues of SEK 400 million
in 1999 and had net assets of SEK 100 million at 31
December 1999.
Jon Wilkinson, chairman and ceo of Research International
Group, said, ' Sifo Research & Consulting is an excellent
company which is very complementary to ourselves and gives
Research International strength in countries which are
leading the way in the new service economies. '
Robert Kessiakoff, ceo of SRC added, 'The market for
consumer and customer research and related consulting
services has become much more international in recent years.
As clients operate with pan-European or global concepts, the
ability to offer international market research and
consulting services is vital. At the same time, product and
service development is becoming more important within the
market research industry and this is an area where economies
of scale are a key factor.'
Under the agreement, RI, the world leader in custom market
research consulting, acquires all the operations of SRC,
together with the Sifo brand name.
This acquisition continues WPPs strategy of strengthening
existing networks worldwide in the fast-growing sectors of
communications services.
For further information: Feona McEwan at WPP
T. 020 7408 2204
www.wpp.com
www.research-int.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.