Next Fifteen takes £2m Bourne stake

Global outfit Next Fifteen Communications has acquired a majority stake in Glasgow-based digital agency Bourne for £2 million.

London-listed Next Fifteen, which operates in 19 countries, said Bourne would provide it with "high value, strategic planning services across all digital channels". Bourne's clients include Dell, Ricoh and Symantec.

The move gives Next Fifteen an initial 80 per cent shareholding in Bourne, which reported revenues of 2.5m in 2010 delivering adjusted profits before interest and tax of 750,000. Next Fifteen has an option to acquire the remaining 20 per cent holding by October 2018.

Bourne boss Dan Kersh said: "We are enthused about joining the Next Fifteen group and look forward to building on the outstanding work that has been done thus far by the Bourne team."