Global agency eyes UK acquisitions

MCI is looking to the UK for further growth as part of its worldwide, five-year expansion plan. The global agency currently has offices in Petersfield and London and MCI group marketing director Martti Wichmann said it planned to expand further in the UK in the near future. He added that MCI intends to service more corporate and institutional clients and he has pencilled in July for further announcements on UK developments. Last year, MCI established an institutional division to serve UK association clients from its existing UK offices. Wichmann also confirmed that MCI is planning to extend its presence in Asia and Eastern Europe with moves into India or China this year to join its existing office in Shanghai. “We are looking at all possibilities – acquisitions and start-ups. Acquisitions could include PCOs, venue-finders or agencies.” In Eastern Europe MCI is looking at acquiring successful start-ups, Wichmann added. News of MCI’s international plan follows the announcement this week that it has continued its expansion into Scandinavia with the purchase of Swedish professional conference organiser Inspiro. Inspiro was founded in 1999 by chief executive Henrik Svensson and last year turned over around £1m and organised some 16 scientific meetings in Sweden. That acquisition follows MCI’s buy-up last year of the majority ownership of Stockholm-based PCO Stocon. Together with Stocon, Inspiro will be the foundation of MCI’s Northern European operations.

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