Group Press Releases
Aegis Establishes Outdoor Media Agency in the Philippines
27 May 2005
Aegis Group plc ("Aegis" or "Group") - the media communications and market research group – announced today that it has signed an agreement acquire the outdoor media-related assets of JKJ Media Services Inc. (JKJ), the second largest outdoor network in the Philippines. It is expected that the acquisition will be completed before the end of June 2005.
The purchase price will be composed of total cash consideration up to approximately £8.0 million, payable over three years and subject to rigorous performance criteria.
Founded in 1991, JKJ provides a complete service offering to clients from the planning through to the execution of outdoor campaigns and has an impressive client roster including Alaska, Cellsite, Coca-Cola, Nokia, Piltel & SMART. The company is well known for constructing high quality billboard structures and for incorporating the latest technology in poster production.
Robert Lerwill, CEO of Aegis Group plc said:
“Outdoor media is a high growth area and Aegis is committed to building Posterscope into a truly global network. Over the past year Posterscope has expanded its network in Asia-Pacific and now with its presence in the Philippines it has become the largest outdoor media specialist in the region. This will provide an extremely strong edge over our competitors when pitching for international and regional clients. JKJ is undoubtedly a class act - the best and most dynamic outdoor agency in the Philippines - and I welcome them as a valuable part of the Posterscope family”.
For further information contact:
Richard Walters
Aegis Group plc
+44 (0) 20 7070 7700
Charles Palmer
Financial Dynamics
+44 (0) 20 7831 3113
