Global advisory firm Teneo Holdings today announced it has acquired Asian communications firm Ryan Communication.
Teneo’s acquisition highlights the group’s desire to grow its presence in Asia. Ryan Communication's senior management team, including founder Damien Ryan and executive director Lauren Chung, will continue to lead the business, reporting to Charles Watson, chairman of Teneo International.
Specialising in corporate and financial communications, reputation management and investor relations among other services, Ryan Communication has operations in Hong Kong, Singapore and China.
PR agency Teneo Blue Rubicon currently operates in the same three markets as Ryan Communication. According to the release, the operations will merge across Asia, and at time of writing it was not confirmed whether the agency will keep its own branding, or be incorporated into Teneo.
“Our two companies share the same approach to addressing client challenges as both our cultures and values are aligned,” said Ryan. “Our teams of highly skilled professionals across Asia are excited to be part of the next stage of Teneo’s growth.”
Declan Kelly, chairman and CEO of Teneo, said: “This transaction ensures that we can continue to provide our clients with an ever-growing range of capabilities in this strategically important region.
“We have great respect for what Damien and his team have done in building such a successful business in three critical markets and we are proud to welcome our new colleagues to Teneo.”
The deal marks Teneo’s seventh acquisition since it was founded in June 2011.