Ipsos acquires 4 global divisions of GfK

In a 100% cash transaction, Ipsos has entered an agreement with GfK to acquire four global divisions of GfK’s custom research business: Customer Experience; Experience Innovation; Health; and Public Affairs, for an enterprise value of €105 million.

Close to 1,000 GfK professionals would join Ipsos at the closing of this transaction, in 25 countries: Argentina; Australia; Austria; Belgium; Brazil; Chile; China; Czech Republic; Germany; Hungary; India; Italy; Japan; Mexico; Netherlands; Peru; Poland; Romania; Russia; Singapore; Sweden; Switzerland; Turkey; United Kingdom; and USA.

The estimated revenue for 2018 of the acquired businesses is above €200 million, with EMEA contributing to around 55% of the revenues, the Americas to 39% and APAC to 6%.

Commenting on the transaction, Ipsos co-founder, Chairman and CEO Didier Truchot, said: “We are delighted to buy 4 key divisions of GfK Research’s global businesses operating currently in 25 markets, with strong management and committed professionals. The deal has been driven by our relentless focus on providing the best possible service to our clients and our ambition to become stronger in the areas of Customer Experience and Mystery Shopping, Innovation and User Experience, Healthcare, and last but not least, Public Affairs. This deal furthers our goal to implement the Total Understanding project, a growth plan as close as possible to clients needs, and to make the Ipsos brand synonymous with excellence in providing a better understanding of Society, Markets and People. I look forward to welcoming the GfK Research teams to Ipsos and together strengthening our skills in these four key business areas, reinforcing a global powerhouse in market research, with the best talents in the industry.”

Peter Feld, Chief Executive Officer of GfK, commented: “The divestment of our Custom Research business is the next important step in transforming GfK into a truly technology enabled data analytics provider with a clear client centric focus on our core assets in our key industries and markets. We are very happy that Ipsos decided to acquire our Custom Research business and with that will become a great future home for our Custom Research employees.”

The acquisition will be financed through the existing credit facilities of Ipsos. The proposed transaction remains subject to mandatory clearances from relevant anti-trust authorities and is expected to close on or around September 30th, 2018.

Web: https://www.ipsos.com/en-us

Web: https://www.gfk.com/