Aegis expands Synovate with German research acquisition

LONDON – Aegis is continuing on its acquisition spree, buying German research company Roland Berger Market Research for up to €5.4m (£3.7m) to extend Synovate's position in the region.

Under the deal Synovate, Aegis' ever-expanding research network, will aquire all of Roland Berger Strategy Consultants' research subsidiaries under the RBMR umbrella.

This incorporates b2b, financial, telecoms, transport and utilities research which will be merged into Synovate Germany.

The £3.7m RBMR price tag is payable over three years subject to rigorous performance criteria.

Robert Lerwill, chief executive of Aegis, said: "We've been looking to extend Synovate's position in Germany -- the world's third largest economy and a major market for many of our international clients. 

"RBMR comes with a reputation for high quality research. It fits well with Synovate's existing German business, and will broaden both our client base and the services we offer them."

RBMR has offices in Munich and Hamburg and employs 35 staff.

Harald Hasselman, RBMR' s managing director, will take over the running of Synovate in Germany while current head Martin Wegner takes up a consultancy role for Synovate in Europe following the handover. 

In the second half of 2005, Aegis acquired Scandinavia's largest independent market research network Univero for £10m, Turkey's largest independent full-service market research company Plus Remark for £4m, and youth marketing agency the Filter Group in Asia for an undisclosed amount.

If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .

Market Reports

Get unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Market Reports.

Find out more

Enjoying ±±¾©Èü³µpk10’s content?

 Get unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.

Upgrade access

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content