ICF International, a provider of consulting services and technology solutions to government and commercial clients, announced today that it has signed a definitive agreement to purchase Mostra, a communications and event firm based in Brussels, with annual revenues of approximately $40 million.
Mostra provides strategic communications capabilities that will greatly complement ICF's policy work and enhance the company's strategy of providing implementation services that leverage its advisory services.
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 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. The acquisition is expected to be accretive beginning in the second quarter 2014 and will be included in ICF's 2014 guidance metrics, which will be announced in conjunction with the company's 2013 fourth quarter earnings on February 26, 2014.
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.