Additional Information


Huntsworth expands with £25.6m US acquisition

LONDON - Huntsworth, the UK public relations group, has acquired US-based healthcare communications company Dorland Global Corporation, in a deal worth up to £25.6m.

Share this article

Huntsworth, led by chairman Lord Chadlington, will initially pay £10.6m in cash but the final amount could increase depending on Dorland's performance between now and the end of 2010.

Dorland's, whose clients include Novartis and Procter & Gamble, reported a pre-tax profit of £1.8m in 2006.

Huntsworth, in a statement, said: "Dorland offers advertising, medical education, and public and professional relations services, which mirror and extend the services that Huntsworth Health provides."

Huntsworth last month issued a trading statement in advance of its preliminary results for the year ended December 31, 2006, which will be announced towards the end of March.

It said, underlying operating margin before central costs at its public relations business exceeded its 20% target, while new business wins exceeded the group's £50 million target. Like-for-like revenue growth grew by more than 6%.

The group was formed in 2005 following a merger between UK based holding companies Incepta and Huntsworth. Its clients include 37 FTSE 100 companies.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed


The Wall blogs

Back to top ^