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NEWS20 April 2016

TNS takes full ownership of TNS ICAP in Greece

Europe M&A News UK

UK – WPP-owned global operating network TNS has acquired all remaining shares in Taylor Nelson Sofres ICAP Market Research in Greece.

The acquisition increases TNS’s stake in TNS ICAP from 51% to 100%.

TNS ICAP, based in Athens, was established in 2002 and employs 36 people.

Its consolidated revenues for the year ended 31 December 2015 were €5.8 million, with gross assets of €3.0m.