ASIA-PACIFIC – JAPAN, MARCH 27, 2013 – Dentsu Inc has completed its acquisition of Aegis Group, initiated on July 12, 2012 and approved at Aegis’ shareholder meeting on August 16, 2012.
The buyout sees all companies comprising the former Aegis Group (Carat, iProspect, Isobar, Posterscope, Vizeum and Aztec) continuing operations within Dentsu Group under Aegis Group banner. The expanded Dentsu Group now has presence over 110 countries and employs more than 36,000 professionals across the globe.
"We are delighted that this transformative deal has been completed," said Dentsu president and chief executive officer Tadashi Ishii. "The addition of Aegis represents a massive step toward realizing our vision of a client-centric, collaborative global network of the best in-class brand, digital and media agencies. We look forward to the value this will add to our clients’ businesses, wherever they may be, and look forward to growing with them as their partner of choice."
A new global operating unit headquartered in London, the Dentsu Aegis Network, has also been created to oversee the operations of the Dentsu Network, which manages all of Dentsu’s global business operations outside of Japan, and Aegis Media’s operations worldwide. The Dentsu Network and Aegis Media will continue to operate as separate entities but will be governed by the Dentsu Aegis Media Network Management Team and Board of Directors.
Tim Andree, senior vice president and Dentsu Network CEO, has been appointed as executive chairman of the Dentsu Aegis Network, and Jerry Buhlmann, who remains as CEO of Aegis Media, has been appointed CEO of the Dentsu Aegis Network.
The Board of the Dentsu Aegis Network is made up of key executives from both companies: Tadashi Ishii, Shoichi Nakamoto, Tim Andree, Kuni Matsushima and Nicholas Rey from Dentsu; and Jerry Buhlmann, Nigel Morris, Nick Waters, Nick Priday and Valerie Scoular from Aegis.
Buhlmann said: "In joining forces with Dentsu, Japan’s leading advertising group, we have created the world’s first truly global communications network with the ability to deliver integrated and specialist services that add real value to our clients’ businesses, in a transforming market."
Sponsor
