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
Location
Maryland, United States
Transaction Type
Buyout

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