Aegis Group have announced the acquisition of Research Fact, a Japanese market research company for an initial consideration of £1 million. There is also deferred cash consideration, subject to performance criteria, payable over the next three years.
Research Fact had revenues of approximately £3.5 million during the year ended 30 June 2001. This acquisition extends Aegis Research’s international network to 40 countries and strengthens its presence in the Asia Pacific market.
Commenting on the announcement, Aegis chief executive Doug Flynn said: “This is acquisition gives our research network direct access to the world’s second largest economy. It will allow Aegis Research to better serve its clients’ needs in Japan and to offer Japan’s leading marketers greater access to our global network. In just two years we have grown Aegis Research into the world’s 10th largest market research company with offices in 40 countries. Japan remains a focus for the development of the Group’s research and media businesses and we continue to explore further opportunities there.”
