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Omnicom Announces Closing Of Acquisition Of Flywheel

PUBLIC · OMCJan 02, 2024

Acquiring Company

Omnicom Group

Acquired Company

Flywheel

New YorkMinneapolisAdvertisingMarketingConsultingBrand Marketingmarketing & advertisingInformation TechnologyAnalytics

Description

Omnicom (NYSE: OMC) today announced it has closed the previously announced acquisition of Flywheel Digital, the digital commerce business of Ascential (LSE: ASCL.L). Terms of the acquisition were first announced on October 30, 2023.

Quick answer

Omnicom Group is acquiring Flywheel, announced January 2, 2024. Omnicom Group is based in New York, New York, United States.

How much did Omnicom Group pay for Flywheel?
The deal value was not disclosed.
What does Omnicom Group do?
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions.
Where are Omnicom Group and Flywheel based?
Omnicom Group is based in New York, New York, United States. Flywheel is based in Minneapolis, Minnesota, United States.
Who are the decision-makers at Omnicom Group?
Fundz holds 5 contacts at Omnicom Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Omnicom Group

Location

280 Park Avenue

New York, New York, United States

About

Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom's iconic agency brands are home to the industry's most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries.

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Frequently asked

Who acquired Flywheel?

Flywheel was acquired by Omnicom Group, based in New York. The deal was reported on January 2, 2024. Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom Group is publicly traded (OMC) and operates in Advertising.

When did Omnicom Group acquire Flywheel?

Omnicom Group's acquisition of Flywheel was reported on January 2, 2024. Omnicom (NYSE: OMC) today announced it has closed the previously announced acquisition of Flywheel Digital, the digital commerce business of Ascential (LSE: ASCL.L). Terms of the acquisition were first announced on October 30, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Flywheel do?

Flywheel is the pioneering medical imaging data and AI platform powering healthcare innovation through streamlined data aggregation, curation and management. It is privately held, operating in Information Technology, and is based in Minneapolis.

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