Multi-million pound deal sees Leicester marketing agency acquired by global player

A Leicester-born digital marketing agency has been acquired by Cadastra as part of its ongoing growth strategy.

Digital Ethos, which recently became a certified B-Corporation, said the deal will allow the business to add an array of clients to an established operation existing in 15 countries. The 50 digital marketing specialists at Digital Ethos will also join Cadastra and will remain at the Leicester headquarters.

Luke Tobin, who founded Digital Ethos in 2016, will remain CEO of Digital Ethos. He said: “I am extremely excited to continue to drive the business forward as CEO and work in a unified and global business. Our collaborative global partnership with Cadastra brings together the best of our cultures and experiences to scale our digital marketing strategies.

“Following the signing between our two businesses, there will be no immediate change in day-to-day delivery. Our clients will continue to receive the high level of service they have become accustomed to.

“We also understand that this acquisition brings a great opportunity for cross-selling and up-selling with Cadastra’s operations in London and Brazil. I am looking forward to this exciting next stage of growth with Cadastra.”

Cadastra is a global marketing, technology, business strategy, data and analytics solutions company, which has more than tripled its international operation in the last year. This deal takes another “important step” in consolidating its global platform, forming a structure with almost 700 employees, seven offices, and operations in more than 20 countries.

Gustavo Bacchin, CEO of Cadastra EMEA, added: “Inorganic growth is a key part of our growth strategy for the next five years. The acquisition of Digital Ethos scales our strong revenue, gives us a more robust base in Europe, and enhances important capabilities in the digital marketing area.

“The cultural match and growth plans are an essential part of this deal. The partners aim for accelerated growth on a global level. We have a work environment that is welcoming, stimulating, and focused on generating results from digital. In addition, we are adding a talented team that will help us take the Cadastra brand even further in the UK and Europe.”

Digital Ethos has a “well-recognised” track record in England, having already completed two of its own acquisitions. The agency has worked with major British brands such as NHS, Flutterwave, JD Group, Co-op, and Scrivens, offering SEO, paid media, social media, digital PR, and content production.

Over the next 12 months, the companies will form an integration plan, including the rebranding of Digital Ethos to Cadastra EMEA and the sharing of teams and resources from the London and Brazil offices.

By Matthew Neville – Correspondent, Bdaily

Looking to promote your product/service to SME businesses in your region?

Find out how Bdaily can help →

Source link

What do you think?

Written by seo_links_shop

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

How to audit your site’s backlink profile

Barrington Research Comments on Townsquare Media, Inc.’s Q4 2022 Earnings (NYSE:TSQ)