Kenya’s Peak and Dale acquires Bean Interactive to expand market reach
Peak and Dale has acquired Bean Interactive in a fully purchased deal, aiming to significantly expand its market reach. This move is expected to double the group's revenue and broaden its client base, including plans to target Francophone regions. CNBC Africa's Tabitha Muthoni spoke to Peak and Dale Group CEO, Brendah Mwirichia on strengthening company’s position in the competitive digital services industry and more.
Thu, 12 Sep 2024 10:25:58 GMT
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AI Generated Summary
- The acquisition of Bean Interactive by Peak and Dale Group aims to double the group's revenue and broaden its client base, with a focus on targeting Francophone regions.
- This fully purchased acquisition has more than doubled the group's revenue, expanded its regional presence, and increased its reach in terms of clientele and sectors.
- The strategic move strengthens Peak and Dale Group's position in the competitive digital services industry in Kenya, enabling the company to deliver transformative brand experiences and offer tailored solutions to a wider audience.
Peak and Dale, a leading digital services provider, has made a significant move in the industry by acquiring Bean Interactive in a fully purchased deal. This strategic acquisition is aimed at expanding the group's market reach, doubling its revenue, and broadening its client base, with plans to target Francophone regions as well. The CEO of Peak and Dale Group, Brendah Mwirichia, shared insights on how this acquisition strengthens the company's position in the competitive digital services industry and paves the way for future growth and success.
Bean Interactive, a well-established digital agency with 15 years of experience in the Kenyan market, is known for its brand promise to transform brands. By becoming part of the Peak and Dale Group, Bean Interactive now has access to a larger pool of expertise, talent, and tools, enabling it to offer even more to the market. This acquisition positions Peak and Dale Group at a favorable place in the industry, opening up new opportunities for innovation and client engagement.
Mwirichia highlighted that the acquisition of Bean Interactive is a fully purchased deal, resulting in more than doubling the group's revenue. The expanded regional presence, increased clientele base, and access to new sectors are all key benefits of this acquisition. This move sets the stage for Peak and Dale Group to make a significant impact in the digital services landscape and solidify its position as a leading player in the market.
In terms of the competitive landscape, Mwirichia emphasized the group's commitment to the African market and its focus on offering homegrown solutions to local challenges. By maintaining independence and leveraging the expertise of both Peak and Dale Group and Bean Interactive, the company aims to deliver transformative brand experiences that resonate with African consumers. The acquisition expands the group's industry base, encompassing sectors like finance, FMCG, government, and NGOs, enabling them to reach a wider audience and deliver tailored solutions.
Looking ahead, Mwirichia discussed plans to integrate the best practices from both agencies, exposing them to more brands and expanding their market share. The focus on creating a seamless cultural integration will not only benefit the employees but also enhance client experiences. Additionally, Peak and Dale Group is eyeing further expansion into new markets, including the Francophone region, building on its success in markets across Tanzania, Uganda, South Africa, and Nigeria.
Overall, the acquisition of Bean Interactive marks a significant milestone for Peak and Dale Group, positioning the company for accelerated growth, enhanced capabilities, and a stronger foothold in the competitive digital services industry in Kenya and beyond.