March 6 (Reuters) - French advertising giant Publicis
has reached an agreement to acquire data and ID
technology group Lotame and plans to wrap it into targeted
marketing unit Epsilon, its main business driver.
Publicis said it expects the deal to expand its individual
consumer profiles to 4 billion from a current 2.3 billion.
The combined capability would allow Publicis to interact
with 91% of all adults who use the internet, CEO Arthur Sadoun
said in a statement.
Publicis has outpaced its adland competitors after a
10-year, 12 billion euro tech-driven transformation, leveraging
AI and big data to become the world's largest advertising firm,
at least until the planned merger of Omnicom ( OMC ) and
Interpublic, which would form a combined entity with
more than $25 billion in revenue.
Publicis said last month that it expects to outperform the
market again this year with an organic growth forecast of
between 4% and 5%, slightly below 2024.
British rival WPP ( WPP ) expects its revenue and profit to
be flat at best this year as its shares hit a four-year low
following disappointing results in February.
Publicis plans to allocate between 800 million and 900
million euros this year for targeted acquisitions in technology
and proprietary data.
The advertiser did not say how much the acquisition of
Lotame, which is expected to close early in the second quarter,
would cost.