| |
TNS Buys in Chile
TNS has bolstered its presence in Latin America with the acquisition of a controlling interest in Time Research SA, the largest independent custom research business in Chile, for an undisclosed sum.
TNS already has custom businesses in Brazil, Mexico, Argentina and Central America, as well as pan-regional consumer panel coverage.
Time's clients include many major multi-national FMCG companies as well as local companies. Founded in 1979, the company is based in Santiago and employs 51 people. Its turnover for the year ended 31 December 2005 was £1.6 million and net assets at that date were £0.9 million.
TNS Chief Executive David Lowden says the move into Chile 'significantly reinforces our presence in the fast growing Latin American region. It will expand our local client base and give those clients access to TNS' global network and the group's extensive research expertise.'
TNS is online at www.tns-global.com .
|
