Mitchell Group to be acquired by Aegis Group

The Aegis cash-and-share offer for Mitchell has already been “unanimously recommended” to Mitchell shareholders by the board.

The Mitchell Communication Group has been the largest media buyer in Australia for the last five years, and accounts for 10% of all media buying in Australia.

The group subsidiaries include Sydney-based digital printing company Coleman Group, which specialises in the production of outdoor and indoor signage for the sporting and exhibition industry.

Mitchell Group founder and executive chairman Harold Mitchell said: “Aegis is the best placed of the global agency groups for the convergent future, with a strong focus on digital and media. We are convinced they have enormous growth ahead of them and having Mitchell as part of their global network will be an important part of achieving that.”

Aegis Group is one of the world’s biggest marketing communication companies. It has a presence in more than 82 countries and last year made an underlying profit of £170.3m on revenues of £1.35bn.

Click here for the latest headlines from across the printing industry.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at [email protected]  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required

Advertisement

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
  • This field is for validation purposes and should be left unchanged.
Advertisement