Aegis acquires Lithuanian media agency

By Oliver Luft, campaignlive.co.uk, Wednesday, 01 June 2011 11:06AM

Communications and market research group Aegis has acquired Lithuanian media agency Creative Media Services UAB.

Jerry Buhlmann: chief executive of Aegis Group

Jerry Buhlmann: chief executive of Aegis Group

The 13-year-old CMS, which had gross assets valued at £1.1m at the end of 2010, specialises in servicing clients in all areas of media planning, buying and research.

The deal, terms of which were not revealed, will see CMS become part of Aegis Media's Vizeum network in the Baltic region.

Jerry Buhlmann, chief executive of Aegis Group, said: "As a leading operator in the Lithuanian market, with an excellent reputation for their media expertise, the acquisition of CMS gives Aegis Media a significant foothold in Lithuania, extending our expertise and bringing local client relationships.

"The acquisition also enables us to offer the full range of Vizeum services on a pan-Baltic level."

The acquisition follows an announcement last week from WPP that its global marketing network Wunderman had combined its digital business in Austria with local online marketing business of PXP.

Wunderman acquired a majority stake in the new combined business, which has been named Wunderman PXP.

This article was first published on campaignlive.co.uk

X

You must log in to use Clip & Save

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Campaign Jobs

  • Campaign Marketing Manager EMAP Competitive + Bonus, London (Greater) / London (East), London (Greater)
  • Exhibition Designers WRG Live Competitive salary and benefits package dependant upon experience, Manchester, Greater Manchester
  • Producer WRG Live Competitve salary and benefits package dependent upon experience, London (Central), London (Greater) / Manchester, Greater Manchester
  • Content Manager WRG Live Competitive salary and benefits package, Manchester, Greater Manchester
  • CRM Executive Brand Recruitment £27000 per annum + plus car and excellent benefits, Stevenage