JWT to buy out Turkey's Manajans Thompson

Be the first to comment
Acquisition: Manajans Thompson client Turkcell
Acquisition: Manajans Thompson client Turkcell

WPP advertising agency JWT is to acquire full control of Turkish agency Manajans Thompson, one of WPP's earliest investments.

JWT has held a minority stake in Manajans since 1985, prior to it being acquired by WPP.

The Istanbul-based agency was founded in 1944 and employs around 70 people, working for clients including Nokia, Shell, pharmaceutical company Bayer, mobile network Turkcell and food company Ulker.

The agency’s 2011 revenues were eight million Turkish lira (£2.8 million).

WPP companies in Turkey employ nearly 1,000 people and generate annual revenues of $100m (£63.7m).

SUBSCRIBE TO CAMPAIGN

Only £49 for 3 months

Includes every print & iPad edition, plus full access to Campaign online and other Brand Republic sites

SUBSCRIBE

Campaign Jobs

Thousands of jobs across advertising, creative, marketing and media

Trending

Just published