Attacks force MMSI to drop acquisition

By Paul Rogerson

Marketing Management Services International (MMSI), the strategic marketing consultancy, has aborted a plan to acquire a London consultancy following last month's attacks on the USA.

The deal, which would have been financed by Bank of Scotland, broke down because the unnamed target company is heavily reliant on the embattled airline industry.

MMSI's managing director, Gerald Michaluk, said the deal would have doubled his company's turnover.

But he added: "The company relied on airlines for 41% of its business. Since 11 September it's suffered a catastrophic downturn. We had to pull the plug."

MMSI, which employs about 20 full-time and 150 part-time staff at its Glasgow base, also revealed plans to expand in the north-east. It is close to securing 12,500sq ft of office space in Aberdeen to house a specialist energy consultancy.

Its clients include some of the world's top 500 companies.

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© Marketing Management Services International 2011