WPP's Grey acquires stake in k102 (Germany)

WPP announces that its wholly-owned operating network Grey, the global marketing communications company, has acquired a majority stake in digital media agency, k102 GmbH (“k102”) in Germany.

Founded in 2006 by Lars Moltrecht and Jan Guntner, Dusseldorf-based k102 has worked alongside Grey since January 2010. Key clients include Deichmann, Transparo, MBT, Gard and Toshiba. k102’s unaudited revenues for the year ended 31 December 2011 were approximately EUR 1.3 million with gross assets as at the same date of approximately EUR 1.2 million.

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