MUMBAI: After acquiring a majority stake in India’s Six Degrees PR and Alphabet Consulting in September last year, WPP’s Cohn & Wolfe has made its second recent acquisition. The agency has now acquired a majority stake in Brazil's public relations agency Grupo Maquina.
Maquina Cohn & Wolfe, with 240 employees across offices in Sao Paulo, Rio de Janeiro and Brasilia, has the combined talent and experience to meet demand for global integrated marketing services from Brazilian companies and multinational companies alike.
Maquina was founded in 1995 by Maristela Mafei. Today, Maquina is known for its digital and integrated communications work across numerous industries, including finance, education, consumer technology, retail, entertainment, government and tourism. The agency has specialty divisions focused on digital, video content, branding, advertising and package design services.
“Latin America has become a very important region for our clients and Brazil is a critical market for Cohn & Wolfe. After working with many good agencies, we were most impressed with Maquina's excellence in digital and integrated marketing. They have an impressive client base and an equally impressive leadership team. We share values, including creativity, entrepreneurship and focus on client service, which will ensure a strong and long-lasting partnership and joint success,” says Cohn & Wolfe CEO Donna Imperato.
Mafei will remain director-general of Maquina Cohn & Wolfe, reporting to Imperato. Marcelo Diego and Daniella Camargos will continue in their roles as co-CEOs, reporting to Mafei. They will keep their positions as partners with Maquina Cohn & Wolfe.
The agency's roster of both public and private sector clients includes Credit Suisse, EY, Zara, Xerox, Carrefour, L'Oréal, Nextel, MetLife, Bridgestone, GP Investments, Embratur, BRMalls, Qualicorp, Hypermarcas, Raízen, BRF, Grupo Estacio, Insper and Gafisa.
“We recently celebrated our 20th anniversary and I couldn't be more proud of the accomplishments of our remarkable teams and the work they have done for our trusted clients,” says Mafei. “What I envision for our next 20 years can be achieved by becoming part of the Cohn & Wolfe family. This partnership will bring unmatched strengths globally that will benefit our current multinational clients and attract many more here and throughout Latin America. We will continue to provide the best of our culture, but will now be associated with one of the largest agencies in the world.”
