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Announced

Completed

WPP completed the acquisition of 3K Communication.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Business Process Outsourcing

Cross Border

Completed

Single Bidder

Acquisition

Majority

health care

public relations

Private

Friendly

Synopsis

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WPP, a multinational communications, advertising, public relations, technology, and commerce holding company, completed the acquisition of 3K Communication, a healthcare specialist PR agency. Financial terms were not disclosed. “Amid today’s dynamic macroeconomic conditions we have seen great resilience and growth in the healthcare sector, as well as across our own PR businesses. Germany is our third largest market, and the addition of 3K to Hill+Knowlton’s growing portfolio further strengthens WPP’s global healthcare offer to clients,” Mark Read, WPP CEO.

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