True North buys into E-fact

US advertising group True North has taken a 35 per cent stake in design group E-Fact, as part of a joint expansion programme.

E-Fact now plans to open additional offices in Spain and Italy, in addition to its existing operations in the UK and Germany. Managing director Daniel Blattler says, “We will run the company as we have in the past… this enables us to pay for the international expansion plans we have.”

No formal date has been set for the opening of the new offices.