Squirrel Media SA (ES:SQRL) has released an update.
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Squirrel Media SA has announced the acquisition of IKI GROUP, a leading independent agency in the Spanish advertising market, effectively making Squirrel Media the top independent Spanish advertising group with a projected turnover of over 140 million euros in Spain. The acquisition is set to double Squirrel Media’s current consolidated turnover and enhance service competitiveness through synergies in technology, digital transformation, and media. The founders of IKI GROUP will continue contributing to the group, which aims to strengthen its presence and leadership in the advertising sector.
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