2:05 PM, July 3 2017
Huntsworth plc. had surged by over 5% on the London stock exchange, post the company announced the acquisition of the Creative Engagement Group for total consideration of £24.7m. The acquisition would strengthen Huntsworth's ability to provide high quality digital creativity to its clients, and allow TCEG to benefit from access to the Group's existing healthcare clients, especially in the US where there is significant opportunity for TCEG to increase its market share. The consideration of £24.7m would be financed through the Group's existing facilities.
Mr. Paul Taaffe, CEO of the company commented on the acquisition, “TCEG is a great company with a wealth of talent and blue chip clients which will benefit from Huntsworth's reach and connections especially in healthcare. With more and more clients seeking to engage both employees and customers with powerful experiences, TCEG is well positioned for future growth”