UK-based engineering firm Engine has been acquired by Next for a staggering $103.5 million.
Next 15 Communications Acquires Engine U.K. for $103.5 Million
In a significant move, Next 15 Communications, a tech and data-driven network listed on the London Stock Exchange's AIM market, has finalized the acquisition of the U.K.-based Engine creative network. The deal, worth $103.5 million in U.S. dollars and 77.5 million pounds in British pounds, was part-funded through shares, raising approximately $67 million (50 million pounds).
The acquisition brings 600 staff members into Next 15 Communications' fold, expanding its workforce across digital transformation and creative services. The Engine U.K. team will join Next 15 Communications' existing agencies, including Elvis, ODD, Velocity, and Mighty Social, strengthening its presence in key markets.
Based in the U.K., the Engine creative network operates across Europe, North America, and Asia-Pacific. This acquisition marks Next 15 Communications' expansion into the U.K. market, a significant step in its global growth strategy.
While the specifics of Next 15 Communications' post-acquisition strategy are not outlined in the available material, the company is known for its growth through strategic acquisitions aimed at enhancing digital marketing, brand consultancy, and communications capabilities in key markets.
For those seeking detailed information on Next 15 Communications' post-acquisition operations and growth strategy, it is recommended to check their official press releases, investor relations publications, or recent industry reports specifically focused on marketing communications groups.
It's important to note that this acquisition does not involve the entire Engine creative network, but only its U.K. arm. The future of the Engine creative network in other regions remains uncertain.
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- The acquisition of Engine U.K. by Next 15 Communications, a tech-driven company listed on the London Stock Exchange's AIM market, represents a strategic move in their global growth strategy, specifically in the finance sector, integrating digital transformation and creative services businesses into their portfolio.
- With the integration of Engine U.K.'s team, Next 15 Communications will leverage technology to enhance their business operations, promoting growth in key markets and strengthening their competitive edge in the marketing communications industry.
