LONDON--Advertising company WPP PLC (WPP.LN) said Tuesday that
unit Kantar Retail has acquired XTEL for an undisclosed sum.
MAIN FACTS:
-Founded in 1991 and headquartered in Bologna, Italy, XTEL
supplies software, analytics, mobile and cloud solutions to
consumer goods' manufacturers.
-XTEL's unaudited revenue for the year ended Dec. 31, 2013, were
EUR8.3 million with gross assets of EUR0.8 million as at the same
date.
-Shares of WPP at 1006 GMT up 13 pence, or 1.03%, at 1275 pence,
valuing the company at GBP16.82 billion.
-Write to Tapan Panchal at tapan.panchal@wsj.com
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