WPP acquires ecommerce digital agency Salmon
WPP has bought the ecommerce specialist digital agency Salmon, which works with retail clients such as Morrisons and Argos.
Salmon provides services such as ecommerce, digital consulting, design, delivery and support services to retail, wholesale and manufacturing brands. Other clients include Game, Halfords and Selfridges.
The agency employs 420 people across offices in the UK, China and in Australia, and it will continue to operate as a stand-alone brand and agency within WPP, led by chief executive Neil Stewart.
Salmon was owned by a private parent company, Okam Limited, having been co-founded by its current chairman Chris Harvey in 1989.
In a statement, WPP said the deal reflected the increasing importance of ecommerce to retailers, manufacturers and brand owners, but declined to comment on the financial terms involved.
Salmon’s consolidated unaudited revenues for the year to 31 October 2012 were £34.3m, while its gross assets at the same date were £11.3m.
Sir Martin Sorrell, chief executive of WPP, said "Close collaboration between Salmon and WPP's other agencies will allow WPP to bring clients a tightly-integrated solution across both marketing and technology, and help both the CMO and CIO deliver customer-centric, multichannel solutions – yet another example of where CMO and CIO have to work together."
Stewart added: "With increased client exposure and access to new geographies, our partnership with WPP will help fuel the next stage of our evolution into a global full-service digital delivery agency."
This article was first published on campaignlive.co.uk
- Mid Weight Planner - ATL Daniel Marks London £30-£50K + Excellent Benefits, Central London
- Senior national account manager Jarlett de Grouchy £55000 - £60000 per annum + bonus + car, West London
- Channel Sales Manager Just Digital £70000 - £85000 per annum + Bonus + Exceptional Stock Options, City of London
- Digital Project Managers and Campaign Project Managers £25,000- £70,0000 Nakama Between £25,000 and £70,000 depending on role, London
- Marketing Manager - South West Stopgap £39000 - £47000 per annum, South West England
- OgilvyOne loses BA business
- Campaign Viral Chart: Pepsi tops Coke with Jeff Gordon test drive
- Iris and Cheil big winners at MAA Best Awards
- Twitter attracts more ads, but rates tumble 67%
- Greenpeace protests outside Saatchi & Saatchi London office
- Facebook research finds 42% switch device mid-activity