In a significant development, Manchester-based e3Creative has been acquired by an international agency headquartered in Amsterdam.
The acquisition marks a new chapter for the digital firm, which has seen considerable growth in recent years. This move is expected to bolster the company’s presence in the global market.
e3Creative joins international agency
Founded in 2010 by Jake Welsh, e3Creative has become a notable name in the digital sector. The company is now set to join forces with Dept, an agency with a substantial international footprint. The move comes at a time when e3Creative has been experiencing rapid growth, having doubled its revenue in 2017 and expanded its team to over 60 people.
Growth and services offered by Dept
Dept, which employs a team of 1,150 people across 11 countries in Europe and the United States, has a reported revenue of over €130 million. The acquisition of e3Creative is part of Dept’s broader strategy to expand its service offerings in the UK and beyond. By integrating e3Creative, Dept aims to strengthen its capabilities in commerce, digital marketing, and marketplace services.
Dept has a history of strategic acquisitions to enhance its service portfolio. In 2016, it acquired the Manchester-based digital agency Building Blocks, which rebranded as Dept in 2018.
Impact of the acquisition on e3Creative
The acquisition is poised to provide e3Creative with significant growth opportunities.
By joining Dept, e3Creative will gain access to a larger client base and more resources. This is expected to enhance its service delivery and innovation capacity.
Gary Neville, the former Manchester United defender, will be leaving e3Creative as a result of this deal. His departure signifies a major change in the company’s leadership structure.
Strategic importance of the acquisition
The deal represents a strategic move for both e3Creative and Dept as they aim to consolidate their positions in the competitive digital sector.
For Dept, acquiring e3Creative not only broadens its service offerings but also strengthens its presence in the UK market.
This acquisition aligns with Dept’s ongoing efforts to grow organically while also expanding through strategic acquisitions. The expertise and experience of e3Creative are expected to complement Dept’s existing capabilities.
Gary Neville’s departure
Gary Neville’s exit from e3Creative marks a significant shift in the company. Neville has played a crucial role in the company’s journey thus far. His departure could signal a new direction for e3Creative under Dept’s ownership.
Neville’s exit from the company aligns with the strategic vision laid out by Dept for its future operations and leadership structure.
Future prospects for e3Creative
With the backing of Dept, e3Creative is well-positioned to expand its footprint in the digital landscape.
The combined expertise of both companies is likely to drive innovation and growth in various digital domains.
The acquisition opens up new possibilities for e3Creative to explore and expand its offerings in a dynamic market.
Conclusion of the deal
The acquisition of e3Creative by Dept is a significant development in the digital sector.
The integration of e3Creative into Dept is expected to bring about positive changes, driving growth and innovation.
The acquisition of e3Creative by Dept marks a major milestone for both companies.
This strategic move is set to bring about significant growth and innovation in the digital landscape.