STW GOES ON BUYING SPREE

STW Group has purchased 100% of hot Sydney design company Moon Design, together with 90 percent of Sydney media agency Ikon Communications and has increased its shareholding in The Brand Agency, with offices in Perth, Melbourne and Auckland, from 45% to 75%.
All transactions will be effective in the December 2006 quarter. The upfront cost of the transactions will be $39 million in cash and all transactions provide for further performance linked payments in future years.