WPP announces that its wholly-owned operating company, Cohn & Wolfe, the global communications and public relations group, has agreed to acquire a majority stake in XPR, one of Singapore’s largest independent public relations and digital communications agencies with offices in Singapore, Malaysia and Indonesia.
Founded in 2009, XPR is a multi-award winning agency offering strategic public relations, digital communications, social and next-generation media services. The agency employs 28 people and clients include Groupon, SingTel, BMW Asia, Salesforce.com and Motorola Mobility.
XPR’s unaudited revenues for the year ended 31 December 2010 were approximately S$1.4 million, with gross assets at the same date of approximately S$600,000.
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