Dentsu Inc. will remain acquisitive for the foreseeable future, with a particular focus on faster-growing geographies and high-value areas in the digital space, executive vice president Tim Andree told investors Wednesday.
Japan-based Dentsu is the fifth-largest ad holding company in the world and has been aggressively expanding beyond its home market, a push that’s been led by Mr. Andree. Dentsu acquired U.K.-based Aegis Group in a $5 billion deal in 2012, one of the advertising industry’s biggest deals ever. In the most recent quarter, Dentsu reported organic revenue growth of 8.1%, with 54% of its revenue coming from markets outside of Japan. Dentsu Aegis Network– which refers to Dentsu’s operations outside of Japan– includes agencies such as Carat, 360i and mcgarrybowen.
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