Syzygy acquires majority shareholding in Warsaw-based Ars Thanea
Digital communications agency Syzygy has acquired a 70 per cent shareholding in Warsaw-based agency Ars Thanea, as the agency looks to provide interactive design to its global clients.
Ars Thanea, which focuses on digital illustration, animation and interactive design, has clients such as Chanel, Discovery Channel, General Electric, Nike, Nutricia, Nvidia, Ubisoft and Visa.
Bartlomiej Rozbicki, CEO of Ars Thanea commented: "We have been co-operating closely with Syzygy for over four years now during which time we have learned of the common values we share, not only as companies but as people. Being part of the Group will stabilise our position in foreign markets, particularly in Europe and the US, but what's even more significant is the opportunity that our joining of forces presents. In a competitive market, we were looking for an independent and flexible partner, Syzygy Group fits the bill perfectly at this stage in our development. Without doubt everyone will benefit from the strengthening of this relationship."
Syzygy Group expects its revenues to increase by 20 per cent to £35m in 2014, following the acquisition.
Andy Stevens, Chief Operating Officer at Syzygy Group said: “The results of our collaboration (Ars Thanea and other SYZYGY Group entities) have been amazing with high profile clients such as Chanel and Paramount already benefitting from their combined skills. We are delighted that Ars Thanea is now a full member of the family and look forward to delivering more outstanding work for our clients globally.”
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