ISTANBUL (Turkey), December 23 (SeeNews) – British communication services giant WPP said on Tuesday its subsidiary CB'a Group has acquired a minority stake in CB'a Turkey, its affiliate branding and design agency in Turkey.
Founded in 2006, CB'a Turkey employs 15 people in Istanbul, WPP said in a statement. The value of the deal was not disclosed.
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Globally, CB'a has a network of 11 offices and employs more than 260 people working on projects for clients in more than 30 countries. It provides services such as packaging design, corporate identity, digital, branding and brand activation.
In Turkey, WPP companies (including associates) generate revenues of around $130 million (106 million euro) and employ more than 1,000 people, WPP said.
($ = 0.817 euro)