Acquisition of Social Agency 1000heads by Labelium Group for Over $100 million
In a significant move to expand its global footprint, Labelium Group, a leading player in digital marketing, has announced the acquisition of social media agency 1000heads. This strategic move is valued at over $105 million and marks Labelium's largest acquisition to date, making it their eighth deal completed.
Founded in the U.K., 1000heads boasts a workforce of more than 170 employees and seven offices spread across London, New York, Los Angeles, Miami, Sydney, Melbourne, and Berlin. This acquisition is expected to extend Labelium's capabilities and client reach across multiple regions, bolstering its global presence.
Labelium Group, headquartered in France, has a strong European base. The acquisition of 1000heads will further strengthen their positioning on a global scale, combining their expertise in digital marketing with 1000heads' established social media prowess.
The ambition of Labelium Group is to become a global digital marketing platform, and this acquisition is a significant step towards achieving that goal. Labelium aims to strengthen its data, insights, strategy, and creative offerings through the acquisition, positioning itself for continued growth and success in the digital marketing industry.
This acquisition is the second deal completed by Labelium Group this year, reflecting their commitment to strategic expansion. The stake previously held by Phoenix Equity Partners, which provided funding to 1000heads in 2019, has been sold to Labelium Group as part of the acquisition.
The exact details about the change in Labelium's global footprint post-acquisition are not explicitly stated, but the acquisition is expected to broaden Labelium's geographical scope beyond its established European operations. Labelium is already known for its broad international reach, offering services such as Google Ads and social media marketing services, indicating a strong global presence[4].
1000heads works with prestigious clients such as The North Face, Cisco, Diageo, and Alphabet, adding these high-profile names to Labelium's impressive client list. As Labelium continues to grow and expand, it will be interesting to see how this acquisition shapes the future of digital marketing on a global scale.
After the acquisition, Labelium Group, with its new acquisition, 1000heads, is anticipated to extend its capabilities and client reach in the realm of finance, technology, and business, as 1000heads works with prestigious clients such as The North Face, Cisco, Diageo, and Alphabet. This strategic move aims to strengthen Labelium's position in various regions, further bolstering its global presence.
