JWT Chief Executive Officer of Europe Toby Hoare announced today that JWT has agreed to acquire full ownership of Manajans/JWT, one of Turkeys best known agencies.
16.08.2012 - 00:00 | MediaCat
JWT Chief Executive Officer of Europe Toby Hoare announced today that JWT has agreed to acquire full ownership of Manajans/JWT, one of Turkey’s best known agencies. JWT and Manajans have had a relationship since 1985 when JWT took a minority stake in the agency. JWT, which is part of WPP, has now acquired the remaining shares in Manajans, subject to regulatory approval.
Founded in 1944 in Istanbul, Manajans/JWT is a fully integrated agency that works with a broad range of clients including Turkcell, Ulker, Nokia, Bayer and Shell.
Tuğbay Bilbay, Chief Executive Officer of Manajans/JWT, will continue in his operational position along with having the creative chair within the agency. Meggy Halfon, Vice President and Chief Financial Officer, will also continue in her position.
Toby Hoare, CEO of JWT Europe, said: “This acquisition confirms our ambitions in Turkey, a market which is of great strategic importance to JWT’s clients. By taking full ownership of Manajans we will be able to enhance the agency’s already outstanding capabilities and greater align it with the JWT network.”
Tugbay Bilbay, CEO of Manajans/JWT, commented: “Following this acquisition, I clearly see that the mutual bonds we have formed over the years with JWT will continue to grow stronger, providing many benefits to our brands and our sector. Manajans/JWT will continue to attract people and to create brands as one of the best agencies in Turkey, in line with the high standards of JWT and the principles of Eli Acıman, founder of the agency and the Turkish Advertising Industry, as it has done during the last 68 years of operations."
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