groupm latest acquisition
Amsterdam, the Netherlands, 18 June 2015
GroupM makes a big move on the Dutch online advertising market
GroupM acquires Eindhoven’s Greenhouse Group to deepen data driven online marketing
Greenhouse Group, consisting of Blue Mango Interactive, Fresh Fruit Digital, We Are Blossom and SourceRepublic, will become part of WPP's worldwide network. GroupM is acquiring the Greenhouse Group companies for their expertise in the field of performance-driven online marketing. Clients from both Greenhouse Group and GroupM will benefit from the resulting consolidated breadth of expertise in digital advertising, data, technology and innovation.
Over the past eight years, Greenhouse Group grew to become a company with of over 10,1 million Euros in revenue. Together with its more than 150 employees, the group will remain in Eindhoven, close to the technical and econometric knowledge of the Eindhoven University of Technology and the University of Tilburg. They will continue to serve their existing clients and now also deliver expertise to the clients of GroupM’s agencies (Mindshare, MEC, MediaCom and Maxus). Greenhouse Group becomes part of GroupM Connect (formerly GroupM Interaction), Group’s consolidated worldwide digital agency platform.
Eric Kramer, Chairman of GroupM: “I am pleased that we have been able to add the market leader in this segment to GroupM. It is fantastic news for our clients, because they will be able to benefit from Greenhouse Group’s expertise in performance-driven online marketing. We see that this is becoming increasingly important for our clients, and is therefore an important growth segment. Greenhouse Group has built a solid reputation with passionate employees who continue to surpass themselves and innovate to improve services for their clients.”
Marion Koopman, CEO of Greenhouse Group: “We have determined that in the future, clients will require completely data-driven online and offline marketing integration. That is why we have decided to join the best communications network in the market. In conversations with GroupM, it quickly became clear that our ambitions align perfectly when it comes to providing the best for our clients. This step ensures that we can continue to strengthen our vision and ambitions. Our clients and our employees will benefit from the knowledge of this broad media landscape, as well as the research and intelligence of the GroupM network.
Rudiger Wanck, CEO Worldwide of GroupM Connect “As the leading media innovator, our primary goal is to support each of our agencies in keeping their clients at the forefront of a constantly evolving industry. With the addition of the Greenhouse Group we further strengthen our worldwide network delivering real-time media investment management across all new classes of digital media providing an unrivalled competitive advantage for our agencies and clients”.