REG - WPP PLC - Mirum agrees to acquire 3Ti Solutions in China <Origin Href="QuoteRef">WPP.L</Origin>

WPPAnnouncement

20/03/2017 08:35

RNS Number : 9155Z
WPP PLC
20 March 2017
FOR IMMEDIATE RELEASE
20 March 2017
WPP PLC ("WPP")
Mirum agrees to acquire digital transformation company provider 3TiSolutions
in China
WPP announces that its wholly-owned operating company Mirum has agreed to acquire 3Ti Solutions Inc ("3Ti") in China. 3Ti will be rebranded as Mirum in China, following completion of the acquisition.
Founded in 2005, the company'sservices span digital businessstrategyconsulting, product design and development, software and mobile app development. 3Tiprovides Internet+ and IoT solutions, and has designed and developedsmart wearables, smart office, smart health and smart finance products for leading clients. 3Ti currently employs around 100 staff in three offices in Shanghai, Shenzhen and Xi'an.
3Ti's unaudited revenues for the year ending December 2016 were RMB 66.8 million, with unaudited total assets of RMB 40.3 million as at the same date.
3Ti caters to Chinese businesses both locally and abroad. 3Ti's clients include China CITIC Bank, Bank of Communications, Mastercard, UnionPay, China Eastern, Ctrip, Geely, Michelin China, IKEA, OPPO Electronics Corporation, BenQ Corporation, Shiseido and Fosun. 
The acquisition of 3Ti will expand Mirum's service offering into China with an additional R&D capability aimed at developing proprietary programmes. Collectively, WPP companies (including associates) in Greater China generate revenues of US$1.6 billion and employ 14,000 people.
Contact:
Feona McEwan, WPP
+44(0) 20 7408 2204
Juliana Yeh, WPP
+852 22803790

This information is provided by RNS
The company news service from the London Stock Exchange
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