InnerWorkings has officially merged with HH Global Limited, a global marketing firm headquartered in the UK. After the deal was first announced back in July, InnerWorkings will become a wholly owned subsidiary of HH Global.
Due to the acquisition, InnerWorkings’ North American position and HH Global’s presence in EMEA and APAC, the combined company will operate with global reach and scale.
According to Rich Stoddart, InnerWorkings’ CEO, “Over the past several months, we’ve been taking actions to put InnerWorkings in the best position to weather the challenging environment in which we’re operating.”
Rich further added, “In these times of significant economic uncertainty, the Board of Directors and management determined to undertake a comprehensive process to preserve and enhance value for shareholders. After exploring a range of financing and strategic alternatives, and implementing meaningful cost-saving measures in response to the COVID-19 pandemic, we’re confident this combination represents the best path forward for our shareholders and InnerWorkings.”