ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has acquired 100% of Mostra S.A., a leading communications firm based in Brussels, with annual revenues of approximately EUR 30 million, from its founders Alain Nandrin and Patrick Vastenaekels, and private equity fund E-Capital II.
Founded in 1986, Mostra is a fully integrated communications firm with some 140 employees offering end-to-end, multichannel communications solutions to assist government and commercial clients in reaching out to their stakeholders and customers. The firm is a key provider of strategic communications to European Union institutions, in particular the European Commission, providing communications strategy and creation; content and editorial services; print, audiovisual, and web production; stakeholder management; social media campaigns; media relations; media buying and planning; and event organization. Its services will provide value to ICF’s European clients and significantly expand ICF’s global strategic communications services.
Mostra’s clients include most of the 33 European Commission’s Directorate Generals, the European Parliament, the Council of the EU, and private enterprise. In serving its European markets, Mostra has the capability to manage production of multilingual, multicultural content in 24 official European Union languages and all 28 European Union countries.
« ICF has a successful track record of leveraging advisory capabilities to provide implementation services, which we believe we can replicate with this acquisition, » said ICF International Chairman and CEO Sudhakar Kesavan. « Mostra is an excellent strategic fit, adding complementary capabilities that enhance our services across key markets throughout Europe, including health, social programs, and energy. With its leading market share position and portfolio of long-term client engagements with the European Union, Mostra will be a stable platform to help drive and support growth of our international business. »
« We are pleased to join ICF, which we see as a strong partner in supporting our future growth, » said Alain Nandrin, co-founder and managing director, and Patrick Vastenaekels, co-founder and business development director for Mostra. « Our priorities and strategies are consistent, and together we look ahead to substantial opportunities for synergistic growth. »
