Acquisition in Chile expands TNS operations in Latin America
LONDON, November 10, 2006 Taylor Nelson Sofres plc (TNS), a world leader in market information, today announces the acquisition of a controlling interest in Time Research SA, the largest independent custom research business in Chile, for an undisclosed sum. This move builds on TNS’ strong presence in Latin America, where it has custom businesses in Brazil, Mexico, Argentina and Central America, as well as pan-regional consumer panel coverage.
Time Research includes among its clients many of the major multi-national FMCG companies and also has an extensive local client base. 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.
Chief Executive David Lowden, said: “This 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 a market information group:
- The world’s largest provider of custom research and analysis
- A leader in political and social polling
- A major supplier of consumer panel, media intelligence and TV and radio audience measurement services.
TNS operates across a global network in over 70 countries, allowing us to provide internationally consistent, up-to-the-minute and high quality information and analysis.
The group’s employees deliver innovative thinking and excellent service to local and multi-national clients worldwide. In the custom business, they combine in-depth sector knowledge with expertise in the areas of new product development, positioning and segmentation research, brand and advertising research and stakeholder management.
TNS’ strategic goal is to be recognised as the global leader in delivering value added information and insights that help our clients to make more effective decisions.
TNS is the sixth sense of business.