Speed 10 July 2012

We’ve got some exciting news about Speed. We’re taking the business to the next level with the acquisition of KTB PR, the award-winning consumer PR agency focused on the sports, health and wellbeing sectors.

KTB PR’s managing director Kate Bosomworth will lead Speed’s enlarged consumer team and will join the board of Speed.

Speed has the ambition to be a top 20 UK PR agency by 2015. A strong consumer offering is a critical cornerstone of this vision. The acquisition broadens Speed’s existing consumer offer and adds both management and client service credibility.

We’re continuing to invest in developing services for clients in the corporate, media and technology sectors too.

KTB has established itself as a strong player in the sports, health and wellbeing sectors. As well as developing awareness and reputation for start-up clients it has delivered campaigns around major sporting events, sporting and lifestyle celebrities, and personal challenges.

Here’s the official announcement.

Speed sets sights on UK agency top 20 as it acquires KTB PR

Speed is aiming to become a top 20 UK PR agency following the acquisition of KTB PR, a consumer PR agency focused on sports, health and wellbeing clients. Speed is a multi-sector agency focused on the consumer, corporate, media and technology sectors.

The deal brings together two award-winning agencies to create a combined business with a turnover of £4 million, employing more than 45 people and clients including adidas, The Associated Press, The Celtic Manor Resort, Clinton Cards, The Economist, Maxinutrition, Technogym, Tesco, Toshiba and Virgin Media Business.

The cash and shares deal follows the acquisition of Speed’s former parent company Loewy Group and a £4.5 million fundraise by Writtle Holdings last July.

KTB PR will be merged with Speed’s consumer team. Kate Bosomworth, founder and managing director of KTB PR, will lead Speed’s enlarged consumer team and will join the board of Speed.

KTB PR will be integrated into Speed with immediate effect and will move into Speed’s office in Leicester Square by the end of July.

“Speed has the ambition to be a top 20 UK PR agency by 2015. A strong consumer offering is a critical cornerstone of this proposition. The acquisition broadens Speed’s existing consumer offer and adds both management and client service credibility. We’ll be considering the merits of further acquisitions over time to help bolster further organic growth,” said Stephen Waddington, managing director, Speed.

“Speed provides a superb platform to accelerate the growth of my team, our clients will also benefit from Speed’s digital innovation in audience planning and engagement through all forms of media. Both teams are very excited about what will no doubt be a very exciting few years ahead,” said Kate Bosomworth, director, Speed.

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About Speed
Speed is a public relations consultancy owned by Writtle Holdings that specialises in the business, consumer, corporate and technology sectors. Speed has a combined fee income of around £4 million and works with clients including adidas, The Associated Press, The Economist, Maxinutrition, Tesco, Toshiba and Virgin Media Business. See www.speedcommunications.com.