Tuesday, September 12, 2006

FTI steps up pace of growth

The company announced yesterday that it agreed to acquire London-based FD International Ltd., a financial public relations firm better known as Financial Dynamics, for $260 million. With a roster of more than 750 clients, including Heineken, Vodafone and Novartis, Financial Dynamics adds 450 employees at 17 offices in Europe, Asia, the Middle East, South Africa and the United States.

For 2006, Financial Dynamics is on track to reap $120 million in revenue. It is FTI's second consecutive acquisition of a firm headquartered outside of the United States. In July, it bought International Risk Limited, based in Hong Kong.

No comments:

Post a Comment