Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Regulatory News (WPP)

Share Price Information for WPP (WPP)

Share Price is delayed by 15 minutes
Get Live Data
262.70    -8.60 (-3.17%)
Bid:
261.80
Ask:
264.70
Spread: 2.90 (1.108%)
Market Cap: £2.83b
WPP Live PriceLast checked at - London Stock Exchange

Intraday WPP Share Chart

Acquisition

7 Mar 2023 07:00

RNS Number : 0561S
WPP PLC
07 March 2023
 

 

FOR IMMEDIATE RELEASE

7 March 2023

 

WPP PLC ("WPP")

 

WPP acquires German healthcare specialist 3K Communication

 

Frankfurt-based 3K will join WPP's Hill+Knowlton Strategies, advancing the company's growth in the global healthcare sector

 

WPP announces today that it has acquired 3K Agentur für Kommunikation (3K), one of the leading healthcare specialist PR agencies in Germany. 3K will become part of the Hill+Knowlton Strategies (H+K) global network, strengthening its healthcare presence in Europe and expanding its operations in Germany.

Founded 25 years ago, 3K is known for its expertise in healthcare, biopharmaceuticals, and related sciences, working with some of the world's most notable global pharmaceutical companies, consumer health brands, and local biotech start-ups.

The addition of 3K aligns with WPP's strategic focus on healthcare and marks the company's continued investment in Germany. In the second half of 2022, WPP appointed Wendy Lund as Chief Client Officer for Health & Wellness and FM Schmidt as WPP's first President of the German market. 

The acquisition is also the latest milestone in H+K's ongoing transformation. The agency has grown more than 25% over the last two years, expanding its global leadership team - including Brenna Terry as Global Chair of Healthcare - and acquiring the JeffreyGroup in Latin America.

AnnaMaria DeSalva, Global Chairman and CEO of Hill+Knowlton Strategies, said: "Healthcare is in a perpetual cycle of growth and transformation, demanding superior communication and stakeholder strategies. Hill+Knowlton has a large role to play in this dynamic market. The addition of 3K will meaningfully strengthen our international capability in healthcare, and I am delighted to welcome them to the H+K family."

Ruth Bastuck, Founder and Managing Director of 3K, said: "I'm incredibly proud of what we have successfully built at 3K over the past 25 years, but I am equally excited for our future with Hill+Knowlton. Healthcare is such an important component of H+K's global strategy, and we could not have found a better fit, culturally, strategically, or operationally. We are equally dedicated to shaping excellent medical-to-human interactions. Tapping into the diverse resources and global reach of the H+K and WPP networks will create many exciting new opportunities for both our clients and our employees."

Mark Read, CEO of WPP, said: "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."

3K becomes the latest in a series of acquisitions - including Fēnom Digital, Diff, Passport, Newcraft and Corebiz in the last six months alone - that form part of WPP's accelerated growth strategy and focused M&A approach to continue to build on the company's core capabilities.

 

ENDS

 

Further information:

Louise Lacourarie, WPP

+44 (0)20 7282 4600 / +44 7741 360931

louise.lacourarie@wpp.com

 

Sarah Brandon, Hill+Knowlton

+1 416 413 4773

sarah.brandon@hkstrategies.com

 

About WPP WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com.

 

About Hill+Knowlton

Hill+Knowlton Strategies, Inc. is an international communications consultancy, providing services to local, multinational, and global clients. H+K operates more than 70 offices in nearly 40 countries worldwide, as well as an extensive associate network, delivering award-winning campaigns to clients across all sectors and disciplines and with a focus on continued innovation for the industry. Headquartered in New York, the firm is part of WPP, one of the world's largest communications services groups. For more information about H+K, click here, follow us on Twitter here, like us on Facebook here, and follow us on LinkedIn here.

 

About 3K

Founded in 1998, 3K is one of the leading healthcare PR agencies in Germany, helping clients translate complex issues in healthcare and science into innovative formats, bringing products, brands and companies into the conversation. http://www.3k-kommunikation.de/

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQEAKDKELKDEFA
Date   Source Headline
31st Aug 20215:36 pmRNSTransaction in Own Shares
27th Aug 20215:28 pmRNSTransaction in Own Shares
26th Aug 20215:31 pmRNSTransaction in Own Shares
25th Aug 20215:22 pmRNSTransaction in Own Shares
24th Aug 20215:33 pmRNSTransaction in Own Shares
23rd Aug 20215:28 pmRNSTransaction in Own Shares
23rd Aug 20217:00 amRNSAcquisition
20th Aug 20215:24 pmRNSTransaction in Own Shares
19th Aug 20215:16 pmRNSTransaction in Own Shares
18th Aug 20215:28 pmRNSTransaction in Own Shares
17th Aug 20215:42 pmRNSTransaction in Own Shares
16th Aug 20215:36 pmRNSTransaction in Own Shares
13th Aug 20215:34 pmRNSTransaction in Own Shares
12th Aug 20215:52 pmRNSTransaction in Own Shares
11th Aug 20215:58 pmRNSTransaction in Own Shares
10th Aug 20215:31 pmRNSTransaction in Own Shares
9th Aug 20215:53 pmRNSTransaction in Own Shares
6th Aug 20215:42 pmRNSTransaction in Own Shares
6th Aug 20213:19 pmRNSDirector / PDMR Transaction
5th Aug 20215:45 pmRNSTransaction in Own Shares
5th Aug 20219:27 amRNSDirector Declaration
5th Aug 20217:45 amRNSShare buy-back programme
5th Aug 20217:00 amRNS2021 Interim Results
2nd Aug 20212:32 pmRNSTotal Voting Rights and Capital
1st Jul 20213:33 pmRNSTotal Voting Rights and Capital
29th Jun 20214:43 pmRNSNotice of 2021 Interim Results
18th Jun 20215:33 pmRNSTransaction in Own Shares
17th Jun 20215:47 pmRNSTransaction in Own Shares
16th Jun 20215:31 pmRNSTransaction in Own Shares
15th Jun 20215:43 pmRNSTransaction in Own Shares
14th Jun 20215:40 pmRNSTransaction in Own Shares
11th Jun 20215:45 pmRNSTransaction in Own Shares
10th Jun 20215:39 pmRNSTransaction in Own Shares
9th Jun 20215:33 pmRNSTransaction in Own Shares
9th Jun 20212:55 pmRNSResults of AGM
8th Jun 20215:35 pmRNSTransaction in Own Shares
8th Jun 20215:20 pmRNSBoard Committee membership changes
7th Jun 20215:38 pmRNSTransaction in Own Shares
4th Jun 20215:35 pmRNSTransaction in Own Shares
3rd Jun 20215:35 pmRNSTransaction in Own Shares
2nd Jun 20215:50 pmRNSTransaction in Own Shares
1st Jun 20215:35 pmRNSTransaction in Own Shares
1st Jun 202111:00 amRNSTotal Voting Rights and Capital
28th May 20215:39 pmRNSTransaction in Own Shares
27th May 20215:35 pmRNSTransaction in Own Shares
26th May 20215:51 pmRNSTransaction in Own Shares
25th May 20215:40 pmRNSTransaction in Own Shares
24th May 20215:47 pmRNSTransaction in Own Shares
21st May 20215:38 pmRNSTransaction in Own Shares
21st May 202111:13 amRNSDirector/PDMR Transaction

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.