The agencies acquired have a fee income of approximately 100 MSEK with offices in Stockholm, Malmö and Shanghai. H&H Group will have a pro-forma fee income close to 450 MSEK with more than 370 employees. After the deal the group will consist of 12 agencies.
Comprend welcomes more agencies to the group and looks forward to get to know more colleagues.
- We will continue to focus on our existing clients and help them to communicate better. With more sister agencies in the group, we see opportunities for new collaborations, says Staffan Lindgren, CEO Comprend.
- We acquire five fine agencies and look forward to growing the potential even more together with management and teams. Our philosophy is based on respect for the integrity of each agency allowing large degrees of freedom to develop, says Martin Petersson, president and CEO of H&H Group.
The acquisitions give H&H Group a stronger position with clients in the public sector as well as strengthening our offering within B2B-communication, creativity, financial communication, social media and motion media. The group will also have representation in Malmö through Bysted, and in Shanghai through Tomorrow.
The acquired agencies are part of H&H Group as of August 31, 2017.