Ogilvy & Mather acquires majority stake in Foster, a digital agency in Brazil

WPP’s wholly-owned operating company Ogilvy & Mather, the global marketing communications group, has acquired a 70% stake in Foster Informatica, Ltda, a leading digital agency in Brazil.

Founded in 1993, Foster is based in São Paulo and employs 50 people.  Clients include Monsanto, Bayer, Metro, Danone and Goodyear.

Foster’s unaudited revenues for the year ended 31 December 2011 were R$5.0 million, with gross assets at the same date of R$4.1 million.

UK, London & Brazil, San Paulo

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