The Week: City News - DMG buys digital agencies

Ben Langdon's Digital Marketing Group has bought two digital agencies for a combined £12.1 million.

The group will pay a maximum of £8.6 million for Graphico New Media, a digital and mobile marketing agency, split into £4 million cash, and up to £3.1 million shares and £1.5 million loan notes, depending on performance targets. DMG, which is headed by the former Euro RSCG London chairman Langdon, has also acquired Hyperlaunch, a creative agency, for a maximum of £3.5 million. The deals follow the acquisitions of the digital DM agency Cheeze and the technology company Alphanumeric in January for around £24 million.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).