Following the news yesterday that Smyle has bought live events and production agency Pumphouse Productions after a year-long search, Smyle managing director Rick Stainton told Event that the agency will be "potentially targeting a £10m-plus turnover in 2015."
Stainton also confirmed that, as a result of the acquisition, staff at Pumphouse Productions will move into Smyle's Hertfordshire HQ in the coming months, but neither agency will be changing its company name.
He said: "There will be no name change. Pumphouse will stay as an independent company for the foreseeable future. In the longer-term we may review a group name. The aim has been to make this acquisition clean and non-disruptive.
"In terms of location, the core team at Pumphouse will move into Smyle’s HQ in Hertfordshire in the next few months. We opened a central London office in Islington in September last year, which created the capacity for more staff to join us."
Stainton added that move is consistent with its three-year plan to grow the business and will foster new client relationships.
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