NEWS22 January 2016

Possible buys majority stake in Germany’s Conrad Caine

Europe M&A News UK

UK – WPP-owned digital agency Possible Worldwide has acquired a majority stake in digital agency Conrad Caine, based in Munich, Germany.

Conrad Caine was started in 1998 and offers digital strategy, user experience, campaigns and CRM to its clients. It has 140 employees in Germany and other offices in Brazil and Argentina.

The German agency’s revenues for the year ended 31 December 2014 were about €8.5 million with gross assets of approximately €3.6m.