Sudler & Hennessey to acquire majority stake in MDS, China
Summary
WPP says Sudler & Hennessey will acquire a 60% stake in MDS, a healthcare agency in China, subject to regulatory approval. MDS was founded in 2007 and operates in Shanghai and Beijing with 50 employees. The company serves major life sciences clients including Bayer, Pfizer, Sanofi-Aventis, Sanofi-Pasteur, and Schering Plough. The deal fits WPP’s strategy of expanding its network in fast-growing markets, especially in China.
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