True North network FCB Worldwide has bought two overseas agencies to strengthen its global presence.
In South Korea, FCB has acquired Hahnin, whose clients include Web-2-Phone and Han-dok. The new agency, branded FCB Hahnin and headed by current president of FCB Korea K.S. Cho, will have over $40 million in billings, putting it among Korea’s top ten international shops.
The other snip is France’s Acam, a leading proximity advertising agency whose clients include supermarket chain Carrefour and direct mail company Mediaposte. Branded FCB/Acam, the agency will integrate into FCB’s French operations under the presidency of Didier Stora, currently executive vice president of FCB/France.
Financial details of the deals have not been disclosed.
News source: Advertising Age - International Daily