MPG ACQUIRES GERMAN MEDIA SHOP

Frankfurt-Based Schmitter Media Agentur to Retain Management

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NEW YORK (AdAge.com) -- MPG, Havas Advertising's media services division, today acquired Frankfurt-based independent media agency Schmitter Media Agentur.

Terms of the acquisition were not disclosed.

The new agency will be known as MPG Schmitter Media-Agentur GmbH & Co. KG.

Schmitter claimed billings of $264 million for 2001.

Horst Schmitter, chairman-CEO, and Laudi Kindermann, chief operating officer, will remain at the agency with their current titles.

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