euro adhoc: Syzygy AG
Mergers - Acquisitions - Takeovers
Syzygy AG acquires
internationally renowned Interactive Agency
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15.01.2008
AD-HOC-NEWS
Syzygy AG acquires internationally renowned Interactive Agency
- Syzygy AG takes over 80 per cent of the shares of Hi-ReS! Ltd., London - Further strengthening of the creative competence in the British market
Frankfurt, January 15, 2008 Upon approval by the Supervisory Board, the Syzygy AG Management Board today signed a purchase agreement over 80 per cent of the shares of London-based creative agency Hi-ReS! Ltd. The acquisition is effective immediately. Both parties have agreed to keep the purchase price confidential.
Hi-ReS! (Handsome information - Radical entertainment Systems!) was founded by the two Germans Florian Schmitt and Alexandra Jugovic in 1999. The design- studio is one of the world´s leading interactive agencies and enjoys an outstanding reputation in the branch of business. Hi-ReS! was honoured with numerous creative accolades, including a BAFTA and two Cyber Lions in Cannes.
The transaction is part of Syzygy´s growth strategy. The acquisition shall further enhance the creative potential of the Syzygy Group particularly in the British market. Hi-ReS! stays an independent unit within the Group and keeps its own, well established name. The client list includes top brands such as Adidas, Diesel, Dolce & Gabbana, EMI, Nokia and Sony.
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Further inquiry note:
Syzygy AG
Investor Relations
Im Atzelnest 3
61352 Bad Homburg / Germany
Tel.: +49 (0) 61 72 / 9488-251
Fax: +49 (0) 61 72 / 9488-272
E-Mail: ir@syzygy.de
http://www.syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Original content of: SYZYGY, transmitted by news aktuell