Next Fifteen Communications Group PLC (AIM:NFC), the tech and data-driven growth consultancy, has confirmed it is in talks to buy Engine UK.
The company was responding to a Tweet by Sky News, in which Sky News’s City editor, Mark Kleinman, said the company plans to partly fund the deal by selling new shares.
Revealed: Next Fifteen Communications, the digital marketing agency group, is in advanced talks to acquire the British operations of rival Engine Group. Sources say that Next Fifteen, which has a market value of over £1bn, plans to partly fund the deal by selling new shares.
— Mark Kleinman (@MarkKleinmanSky) February 20, 2022
Next Fifteen, which has long pursued a buy and build strategy, confirmed that it is in discussions with Engine UK and its owners.
According to its website, Engine UK is an agency that will “build and manage reputations, create exceptional marketing campaigns and experiences, and build the platforms and technology to bring them to life”.
Next Fifteen said there can be no certainty that any transaction will proceed to completion or how any transaction would be structured.