WPP PLC WPP's GTB acquires Zubi Advertising Services in US (8844V)
02 February 2017 - 11:00PM
UK Regulatory
TIDMWPP
RNS Number : 8844V
WPP PLC
02 February 2017
FOR IMMEDIATE RELEASE 02 FEBRUARY 2017
WPP PLC ("WPP")
WPP's GTB acquires Zubi Advertising Services in the US
WPP announces that GTB, its wholly owned full-service agency
dedicated to the Ford Motor Company account, has acquired Zubi
Advertising Services, Inc. ("Zubi"), a full-service advertising
agency that focuses on the Hispanic market in the US.
Zubi's unaudited net revenues were US$18.9 million as of
December 31, 2016. Clients include Ford, JP Morgan Chase Bank, N.A.
and Dunkin' Donuts. Founded in 1976, Zubi employs approximately 120
people and is based in Coral Gables, Florida, with offices in Los
Angeles and Detroit.
The acquisition continues WPP's strategy of investing to
strengthen its "horizontality" offer to clients by enhancing the
capabilities of its global account teams, such as GTB, and in
important markets such as the US. WPP currently has 48 account
teams, representing over one third of the Group's US$19 billion in
revenues, with over 38,000 employees working on these clients. In
the US, WPP companies (including associates and investments)
collectively generate revenues of over US$7 billion and employ over
25,000 people.
Contact:
Feona McEwan, WPP + 44(0) 207 408 2204
Kevin McCormack, WPP +1 (212) 632 2239
This information is provided by RNS
The company news service from the London Stock Exchange
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