Stagwell (STGW) and Serviceplan Group form strategic alliance to offer global clients scaled media and digital set-ups

Rhea-AI Summary

Stagwell (NASDAQ: STGW) has formed a strategic alliance with Serviceplan Group to bolster its global media capabilities, especially in Europe and Asia-Pacific. This partnership allows both companies to combine their strengths and provide enhanced media strategies for international clients. Stagwell brings its marketing technology and expertise, while Serviceplan, as Europe's largest independent media buyer, contributes its extensive local market knowledge. Together, they will manage $10 billion in media and create scalable solutions for a diverse client base.

Positive

• Strategic partnership with Serviceplan Group expands Stagwell's global reach, particularly in Europe and Asia-Pacific.
• Combined entity will manage $10 billion in media, enhancing service offerings for clients.
• Access to advanced SaaS digital marketing products bolsters competitive edge.

Negative

• None.

Partnership with Europe's largest independent media buyer deepens Stagwell's footprint in Europe and Asia-Pacific

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Stagwell (NASDAQ: STGW) and Serviceplan Group have formed a strategic alliance to serve international clients. Stagwell is now working hand in hand with Serviceplan's media arm, Mediaplus Group. The two independent holdings will use their respective regional roots and strengths to cover and expand the market in North America, Europe and the Asia-Pacific region and offer their complementary services to a more diverse group of clients. The focus is on mutual support in the conception, planning and implementation of media strategies for global clients.

"This strategic alliance creates a solid alternative to the legacy holding companies that until now have been a marketer's only option when they want global scale," said Stagwell Chairman and CEO Mark Penn. "Collaborating with Serviceplan enhances our ability to deliver integrated customer experiences and targeted media strategies tailored to local markets in Europe and Asia-Pacific."

"Stagwell's technology-first approach and deep expertise in media, creative and digital transformation are well-matched to our capabilities and pave the way for rapid growth, scaled solutions and deeper local market expertise," said Serviceplan Group CEO, Florian Haller. "This strategic alliance positions both companies to deliver unmatched business results for our clients."

This strategic alliance meaningfully expands both holding companies' traditional media capabilities across Europe and NAM, and digital media capabilities globally:

• Stagwell is the challenger holding company built to transform marketing. It is home to Stagwell Media Network, a group of leading multichannel agencies including Assembly, MMI Agency, Media Kitchen, and Grason, creative consultancy GALE, B2B specialist Multiview, and transcreation agency Locaria. SMN dynamically scales solutions spanning data, technology, media and creativity for global B2B and B2C companies, helping accelerate business growth. The network boasts more than 2500 experts across 20+ offices in 15 countries and manages close to $5 billion in media.
• Serviceplan Group with its media agency Mediaplus is Europe's largest independent agency group and the largest independent media buyer in the region, with a 60-40 investment across digital and linear channels. Home to more than 4,400 employees across 24 locations in 17 countries, Serviceplan's "House of Communications" approach drives results for clients including BMW, De'Longhi, Lufthansa and Siemens Healthineers.

Together, Stagwell and Serviceplan Group will oversee $10 billion in media and provide clients a wide range of scaled complimentary services across global media, content, and digital transformation solutions. As part of the partnership, Serviceplan Group and its clients will be able to leverage Stagwell's impressive portfolio of cutting-edge SaaS digital marketing products, including Koalifyed, CUE, PRophet, and Harris Brand Platform. Stagwell's cooperation with Mediaplus provides access to the largest independent buying network in Europe and a unique portfolio of AI-based media planning tools and instruments.

"With Serviceplan's strong capabilities in local markets and the cross-border approach we both take, our globally combined 15,000 team members have exactly the right mix of digital and traditional media capabilities to drive greater results for our clients," said Deirdre McGlashan, Chief Media Officer, Stagwell. "Intentionally architected as a strengths-based partnership, we remain autonomous entities yet still have a '1+1=3' effect."

"Today, companies operate transcontinental, so we also have to set up the strategy, planning and buying of media across all borders. With Stagwell, we have found our counterpart as an independent yet internationally active agency network on the other side of the Atlantic. Through the cooperation, we use the synergies from the cultural, geographical and service competencies of our organizations to build a strategic alliance for the benefit of our teams, our industry and our clients," adds Matthias Brüll, Chief Executive Officer, Mediaplus International.

To ring in the partnership, Stagwell and Serviceplan Group will launch a global thought leadership series with programming covering global market expansion, global media strategies, the trend towards the union of media and creativity and more. Additional details will be announced soon. 

About Stagwell 
Stagwell is the challenger holding company built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing.  Led by entrepreneurs, our 10,000+ specialists in 30+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

About Serviceplan Group 
The Serviceplan Group is Europe's largest independent, partner-managed agency group. 
Founded over 50 years ago as an advertising agency, Serviceplan quickly developed the concept of the "House of Communication" – to date, Germany's only fully integrated agency model that combines all modern communication disciplines under one roof, whether brand strategists, creative, media, digital or technology experts, market researchers, PR consultants or sales professionals. With 24 of its own locations the Serviceplan Group is represented in 17 countries worldwide. In addition to the three largest agency brands, Serviceplan, Mediaplus and Plan.Net, the Group includes the market research institute Facit, the realization agency Solutions, and the strategic consultancy agency Serviceplan Consulting. 
https://www.serviceplan.com

For Stagwell please contact:	Beth Sidhu
	Beth.Sidhu@stagwellglobal.com
	+1-202-423-4414

 

For Serviceplan please contact:	Sabrina Alberti-Hager
	s.alberti-hager@house-of-communication.com
	+49 89 2050 4148

 

 

 

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SOURCE Stagwell Inc.

FAQ

What is the recent partnership announcement by Stagwell (STGW)?

Stagwell has announced a strategic alliance with Serviceplan Group to enhance media capabilities for global clients.

How will the partnership between Stagwell (STGW) and Serviceplan Group benefit clients?

The partnership will provide clients with scaled media solutions and enhanced access to digital marketing technologies.

What regions will benefit from the Stagwell (STGW) and Serviceplan Group alliance?

The alliance will significantly enhance operations and service offerings in Europe and Asia-Pacific.

What is the financial scope of the Stagwell (STGW) and Serviceplan Group partnership?

Together, Stagwell and Serviceplan Group will manage approximately $10 billion in media.