StockMarketWire.com - Aegis Group has acquired six subsidiary companies owned by W Garden, Verbal Clint, Allin and others.
In aggregate, the entities had gross assets of €5.0m as at 31 December 2011. W Garden is a leading provider of search and performance marketing solutions, consultancy and software tools, with a particular focus on search engine optimisation.
The business has also developed a specialist search capability in the area of social media.
Founded in 2007, W Garden's management team has established a strong network of offices across France and has built up a high quality local client base.
The acquisition will establish iProspect as one of the leading search and performance marketing specialists in France.
This acquisition is in line with the Aegis Group strategy of increasing its digital profile and capability and by acquiring businesses which provide scale and innovation as well as geographic and product in-fill.
The integration of W Garden with iProspect France's existing business is expected to be completed early in the third quarter of 2012.
At 8:58am: [LON:AGS] Aegis Group share price was -0.75p at 167.35p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.