The Mission Marketing Group plc, a marketing communications and advertising group, has acquired Raymond Loewy International Limited (“Speed Communications”) and its concurrent merger with Bray Leino PR (the specialist PR division of Bray Leino) to create a separate standalone PR business with revenues in excess of £5m, to be known as Speed Communications.
Speed Communications is a London-based PR Agency, employing 25 staff. Clients include The Economist, The FT, adidas, GSK and Lucozade Sport.
Bray Leino PR, employing 40 staff, has offices in Bristol and London. Clients include Virgin Media, Remington, Samsung, Wincanton and RAC.
The two PR businesses will merge to create a new PR offering specialising in the Sport, Media, Technology, Consumer & Lifestyle, and Business & Corporate sectors.
Executive Chairman of the mission, David Morgan, said: “The acquisition of Speed Communications and the merger with Bray Leino PR gives us the opportunity to create an exciting new force in PR, offering a wide range of multi-channel and multi-sector capabilities. We are delighted to welcome Kate Bosomworth and her team into the mission family and have no doubt that by joining forces with Bray Leino PR the potential for growth is significant.”
The Acquisition of Speed Communications is not a substantial acquisition as defined by the AIM Rules for Companies. As part of the initial consideration for the Acquisition, the mission will issue 600,000 new ordinary shares of 10 pence each. Further consideration may be payable, subject to Speed Communications’ future performance.
UK, London & Bristol
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