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Dentsu Announces Agreement to Acquire B-to-B Agencies Band Pte Ltd in Singapore and Band Ltd in Hong Kong - Dentsu, Inc. announced that its global business headquarters Dentsu Aegis Network Ltd has reached an agreement with the principal shareholders of B-to-B agencies Band Pte. Ltd and Band Ltd to acquire the two companies (hereinafter referred to as “Band”) -
Dentsu Announces Agreement to Acquire B-to-B Agencies Band Pte Ltd in Singapore and Band Ltd in Hong Kong

 

PRZOOM - /newswire/ - Tokyo, Japan, 2015/12/07 - Dentsu, Inc. announced that its global business headquarters Dentsu Aegis Network Ltd has reached an agreement with the principal shareholders of B-to-B agencies Band Pte. Ltd and Band Ltd to acquire the two companies (hereinafter referred to as “Band”) -. Tokyo: 4324

   
 
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Dentsu, Inc. (President & CEO: Tadashi Ishii; Head Office: Tokyo; Capital: 74,609.81 million yen) announced today that its global business headquarters Dentsu Aegis Network Ltd has reached an agreement with the principal shareholders of B-to-B agencies Band Pte. Ltd (Head Office: Singapore) and Band Ltd (Head Office: Hong Kong), to acquire the two companies (hereinafter referred to as “Band”).

Founded in September 2002 in Singapore and in October 2002 in Hong Kong, Band provides a wide range of B-to-B marketing solutions. In addition to the development of advertising strategies and the creation of advertisements in the digital domain, the agencies offer B-to-B solutions including demand generation, channel marketing and sales enablement to client companies, as well as to their dealers and distributors. Band’s clients include multinational companies in the information technology and finance sectors in the Asia-Pacific region, as well as in the Middle East and Africa.

After the acquisition has been completed, Band will merge with Carat Enterprise, the agency handling the Dentsu Group’s B-to-B activities in Singapore, and will work to create synergies with other Group agencies in the Asia-Pacific region in order to respond to the increasing demand for B-to-B marketing.

The impact of this transaction on Dentsu’s consolidated financial results for the fiscal year ending December 31, 2015 is expected to be minimal.

Profile of Band
Company Name: Band Pte Ltd (Singapore), Band Ltd (Hong Kong)
Headquarters Locations: Singapore and Hong Kong
Date of Establishment: September 2002 (Band Pte. Ltd), October 2002 (Band Ltd)
Shareholding Ratio*: Dentsu Aegis Network 100% *After acquisition has been completed
Revenue: SGD 3.7 million (year ended December 2014; combined revenue of both companies)
Representatives: Ian Bickerton (Founder & Creative Director), Kieran Vye (Group Managing Director)
Number of Employees: 50
Line of Business: Advertising and marketing solutions in the B-to-B domain.

 
 
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Dentsu Announces Agreement to Acquire B-to-B Agencies Band Pte Ltd in Singapore and Band Ltd in Hong Kong

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Dentsu, Inc. | Band Pte Ltd
Contact: Shusaku Kannan - Dentsu.co.jp 
+81 3-6216-8042 s.kannan[.]dentsu.co.jp
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Dentsu securities in any jurisdiction including any other companies listed or named in this release.

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