The Hindu Business Line : Publicis to acquire Hanmer & Partners

The acquisition of the 350-employee firm is subject to the Foreign Investment Promotion Board approval. This is in line with Publicis Groupe’s expansion plans for high growth emerging markets like India.

The move also strengthens the India plans for the company’s New York-headquartered PR firm — Manning Selvage & Lee’s (MS&L). Post acquisition the firm will be renamed Hanmer MS&L.

“This acquisition is an important component of MS&L’s aggressive growth plans for Asia, where the firm already enjoys a significant presence in China, Japan and Southern Asia,” said Mr Mark Hass, Global CEO, MS&L, in a statement announcing the acquisition.

“Partnering with MS&L gives us the opportunity to build our client relationships both inside and outside of India,” added Mr Sunil Gautam, Managing Director, Hanmer & Partners, who heads the management that will continue to oversee the business.

Clients

Hanmer and Partners’ clients include ACC, Bharti, Emirates, General Motors, LG, banks and financial services such as ICICI Bank, ING Vysya, Enam, media and telecom companies like Tata Sky, Network 18, and BPL Mobile, among others.

More Stories on : Advertising | Mergers & Acquisitions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Marico enters S. African hair and healthcare market

Publicis to acquire Hanmer & Partners

Great Eastern Energy joins hands with IndianOil

Philips sees potential in kitchen appliances segment

Sri Krishna Sweets ties up with Spencer’s Retail

Spencer’s plans separate chain for consumer electronics

Meet on retailing

Titan Eye+ planning 250 stores

Hyundai launches i10 from India

TS Lines plans new China, India service

Mobile 2.0 is here — and Indians are making IT happen

91.1FM launched in Vizag