Hut Group adds Hangar Seven to its stable
The Hut Group has taken a sideways step and acquired Hangar Seven, a marketing services agency with focus on the retail sector. Hangar Seven has 140 staff and recorded sales of £11.9 million for the year to May 31st. The sale was orchestrated by Catapult Ventures which invested in Hangar Seven in 2011 via its Catapult Growth Fund. Jeremy Middleton, Hangar Seven chairman said "Becoming part of The Hut Group is great news for both our people and our customers. It brings many new career opportunities for our crew and for our customers it means that we will be able to augment our existing services with The Hut Group's market leading abilities in both technology, customer data and insight."