Omnicom Acquires Flywheel Digital
October 30, 2023
Omnicom has agreed to acquire Flywheel Digital, the digital commerce business of Ascential, for approximately $835 million in net cash. The acquisition brings Flywheel's commerce platform and services — including retail commerce operations, media execution, and market intelligence supported by Flywheel Commerce Cloud — into Omnicom to deepen its capabilities in e-commerce, retail media and digital commerce.
- Buyers
- Omnicom Group
- Targets
- Flywheel Digital
- Sellers
- Ascential
- Industry
- Marketing & Advertising
- Location
- Maryland, United States
- Transaction Type
- Buyout
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