The Havas Group today announced it started off exclusive negotiations with the management of FullSIX Group and Motion Equity Partners. The negotiations are aimed to acquiring FullSIX, one of the leading independent digital commercial communications and marketing services groups in Europe.
Established in 1998 by Marco Tinelli and his partners in Paris, FullSIX employs today over 600 people based in France, Portugal, the United Kingdom, Spain, the United States and Italy.
The independent group generates gross margin of around €60 million a year.
Marco Tinelli will continue as President of the FullSIX Group and Yannick Bolloré (CEO Havas) will oversee the process of integrating entities into the Havas Group.
Havas Group expects to close the transaction , which is subject to a consultation process with FullSIX staff representatives, by October 2015.
A win win operation
The acquisition is expected to become a key growth driver for both groups.
Yannick Bolloré, Havas CEO, had this to say: “I am delighted to welcome all the
FullSIX talents into the Havas family. We share common values and we both put
innovation and integration at the heart of everything we do. I am confident that Marco and his team will further reinforce Havas’ expertise on behalf of our clients, and that Havas will provide FullSIX with a major new source of growth.”
Marco Tinelli, FullSIX Group President, added: “We are happy and proud to be joining the Havas Group. This is an enormous opportunity for the FullSIX Group and all its talents and clients. We will continue to drive the market forward, with even greater ambition than before. Havas is a dynamic, entrepreneurial group that will bring us the clout, the network and the talents we need to develop even faster. FullSIX will add to and develop the Havas Group’s Digital & Data scope and expertise. We are very close in terms of culture, our knowhow is largely complementary and our ambitions are the same.”
The FullSIX Group comprises the following companies: fullsixretair, fullsixdata, fullsixmedia, fullsixadvertising, fullsixresearch, fullsix,ekino,granunion, NOVALEM and fullbooster.
Image over the headline.- © Havas Group.
