By Greg Hazley
Hill & Knowlton has acquired a majority stake in 21-year-old Turkish PR firm Global Tanitim, an affiliate of rivals Fleishman-Hillard and FD.
H&K parent WPP said the firm’s 2009 revenues were 4.8M Lira, about $3.1M. Clients include Ernst & Young, RIM and Siemens. Staff numbers 28.
WPP said Turkey is one of the fastest growing markets in the world. H&K did not previously have an office in the country.
“The time is right to make this step into a country which is certain to play an important role in the region’s wider economic development, and which has shown impressive growth over the last years,” said Dave Robinson, CEO of Middle East, Turkey and Africa for H&K.
The firm’s full name is Global Tanitim Halkla Iliskiler Arastirma ve Ozel Egitim ve Danismanlik Hizmetleri A.S. That will be changed to Global Hill & Knowlton.
It was founded in 1989 by Ceyda Aydede, a former president of the International PR Association.
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