By Arun Sudhaman
LONDON: GolinHarris is actively seeking agency acquisitions in the UK and Germany, as part of a plan to grow the global footprint of the Interpublic Group firm.
The Holmes Report understands that the agency is aiming to buy a healthcare agency in the UK, and also expand its presence in Germany by buying a consumer firm in that market.
GolinHarris global CEO Fred Cook declined to provide specific details but said that “it is certainly fair to say that GolinHarris is currently looking for agency partners to help build our brand in Europe.”
The upcoming Holmes Report Global Rankings estimates GolinHarris’ 2009 fee income at approximately $125 million, with the bulk of these earnings coming from a strong North American operation.
Europe is now believed to be worth around $15 million, with particular growth being driven by the momentum of GolinHarris’ London office, led by Europe co-MDs Matt Neale and Jon Hughes.
Last year’s European Consultancy Report Card notes that GolinHarris’ London office is GolinHarris’ largest in the region by some distance, serving as a hub for most of the firm’s regional work, while the firm has fewer than 100 people dotted around continental Europe in offices that have been opened in partnership with Interpublic-owned advertising agencies (such as Paris, which is part of a deal with Lowe) and Stockholm.
Both of those offices are relatively new, but the firm has an established German operation led by Henrik Hannemann that is best known for its work in the corporate and financial arena as well as a Middle East presence that includes offices in Dubai and Jeddah