Acquiring Company
Cadmus
Acquired Company
Communications Agency
Description
Cadmus, a leading provider of technical and strategic expertise to governments, energy utilities, and private sector companies worldwide, announces it has acquired the Hamburg-based communications agency RaikeSchwertner. With the acquisition, Cadmus expands the offerings of its German subsidiary, ifok GmbH (ifok) around digital products, virtual and hybrid dialog formats, and multimedia. In addition, the new location in Hamburg widens ifok’s reach in the areas of sustainability, energy, mobility, and infrastructure. RaikeSchwertner's client portfolio also strengthens ifok's access to the private sector and its positioning in the integrated communications agency market. Now, more than 30% of ifok's employees will work in the fast-growing area of communications and campaigns, bringing ifok into the ranks of the 20 largest communications agencies in Germany.