SPA Future Thinking Buys Remaining Stake in French JV
UK-based business intelligence provider SPA Future Thinking has bought out French customer relationship specialist Groupe Acticall's share of the two firms' joint venture Future Thinking France, in order to gain full ownership of the JV. Terms of the deal were not disclosed.
The Paris-based JV, which was formed in 2012 by combining SPA's existing team there with Groupe Acticall's market research unit, saw revenues grow by 62% last year. Future Thinking France will continue to be led by Stephane Marder (pictured), who says that he and his team are very much looking forward to developing a stronger working relationship with SPA Future Thinking's management team.
Commenting on last year's growth, the latter company's CEO Jon Priest adds: 'We are delighted with the success of the French operation and Future Thinking France's excellent trading figures over the past 18 months justify our commitment towards the company. Importantly, during this time, the team under Marder's excellent leadership has developed an impressive client portfolio with some of the biggest businesses in France.'
Web sites: www.spafuturethinking.com and www.futurethinking.fr .