P&MM builds up conference arm with acquisition

Agency P&MM has acquired rival Archer Young for an undisclosed sum.

Archer Young, which handles incentive travel and conference production for clients including O2, Argos, HSBC and GE Healthcare, has a turnover of £8m.

P&MM director Nigel Cooper will also become managing director of Archer Young, which will continue to operate from its offices in Berkhamsted as a separate trading division of P&MM.

P&MM has also issued a trading update ahead of its preliminary results for 2004, which are expected to show a 50% increase in group operating profits to £1.65m.

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