Omar Oakes
Aug 9, 2016

Dentsu takes majority stake in global CRM and data analytics agency Merkle

Dentsu Aegis Network is to acquire a majority stake in Merkle, the largest CRM, independent data analytics and performance marketing agency in the US.

Dentsu Aegis CEO Jerry Buhlmann
Dentsu Aegis CEO Jerry Buhlmann

The acquisition is valued at around $1.5 billion, including debt, and is the biggest deal by Dentsu since it took over Aegis in 2012.

The deal is part of Dentsu Aegis’ strategy to become a 100 percent digital economy by 2020. Merkle will retain its brand within Dentsu.

Merkle’s chief executive, David Williams, will retain a significant minority interest in the company, as well as his management team and employees.

The global agency, headquartered in the US state of Maryland, specialises in online tech that analyses individual consumer data. It generated revenue of $436 million last year, an increase of 14 percent on 2014.

The company has 650 clients and employs more than 3,400 people across 21 offices—16 in the US, two in the UK (London and Bristol), as well as Barcelona, Shanghai and Nanjing.

The transaction, which is subject to closing conditions, is expected to be completed by the end of September. Dentsu will acquire the majority stake from Technology Crossover Ventures, a US venture capital company, and other shareholders.

Jerry Buhlmann, chief executive of Dentsu Aegis, said: "The growth of the digital economy is one of the few certainties in an uncertain world. Merkle brings a powerful range of data-led, fully addressable and real-time capabilities.

"The combination of our two businesses will create a compelling offer in that context for existing and potential clients."

Source:
Campaign UK

Related Articles

Just Published

13 hours ago

OOH Danone campaign in Indonesia reads weather patterns

When temperatures soared, the ad would remind commuters to stay hydrated.

14 hours ago

New branding revealed for Heineken’s ‘whisky-infused...

The new beer blend was launched in Cambodia with the help of Elmwood Singapore behind the brand’s visual identity.

14 hours ago

Women to Watch 2022: Emily Belton, BCW

Humble, hungry and one of the hardest-working women in the room, Belton is known to be a caring leader to drive brilliant business results.

14 hours ago

Google enters DOOH space: What does this mean for ...

Not content with being a leading player in the online advertising market, Google has announced they are entering the OOH market too. But is this a welcome move by the tech giant?