11 Dec 2017 17:00
11 December 2017
YouGov plc
("YouGov" or "the Group")
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Acquisition of Galaxy Research expands YouGov's presence in Australia
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YouGov,Β the international market research and data analytics group,Β is pleased to announceΒ theΒ acquisitionΒ ofΒ Galaxy Research Pty LtdΒ ("Galaxy"), aΒ leading market research agencyΒ inΒ Australia.
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WithΒ aΒ market research offering comparable toΒ YouGov'sΒ Data Services offering,Β and a strong reputation in the local market,Β the YouGov Board sees a clear strategic fit for GalaxyΒ in the YouGov Group.Β Galaxy, based in Sydney, is well respected in the Australian marketΒ for accurate opinion pollingΒ and as the administrator of the leading local political opinion polling brand,Β Newspoll.
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The acquisition will allowΒ YouGovΒ to strengthenΒ its positionΒ in the Australian market and accelerate growth in line with the Group's strategy. YouGov'sΒ existing Australian business, established two years ago,Β operatesΒ in keeping withΒ YouGov'sΒ core model ofΒ using data collected from itsΒ proprietary panel of members to provide syndicated data products and services. With YouGov's operating model and panel, and Galaxy's reputation and foothold, the combined business will be in a strong position expand its data products and services offering.
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David Briggs,Β the founder andΒ Managing Director of Galaxy, will lead the combined business and team of 11 employees in Australia, which will initially operate under the brand YouGov Galaxy.
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Stephan Shakespeare, CEO of YouGov,Β commented:
"WithΒ its reputation for accuracy andΒ an excellentΒ roster of corporate market research clients,Β Galaxy was an obvious fit forΒ theΒ YouGovΒ Group.Β This acquisition increases our presence in Australia which is a significant market and one which is strategically important to our international clients."
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David Briggs, Managing DirectorΒ of Galaxy, commented:
"Becoming part of YouGov gives Galaxy access to an enviable global profile,Β a high-quality proprietary panel and operating platform. We look forwardΒ to working together to realise our combined ambitions."
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Enquiries:
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YouGov plc
Stephan Shakespeare / Alex McIntosh 020 7012 6100
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FTI Consulting
Charles Palmer / Harry Staight 020 3727 1000
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Numis Securities (Nomad and broker)
Nick Westlake / Toby Adcock 020 7260 1000
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