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5/24/2012 1:40 PM ET

DDB Worldwide, a subsidiary of Omnicom Group Inc. (OMC: Quote), announced that it has acquired acclaimed London communications agency adam&eve. The agency will merge with DDB UK to create a new agency, adam&eve/DDB, a key flagship office for the DDB global network.

The new management team of adam&eve/DDB will be comprised of both the adam&eve partners and members of the DDB UK management team. It will be led by adam&eve CEO James Murphy who has been appointed the CEO of adam&eve/DDB. Stephen Woodford, current CEO of DDB UK, will become Chairman of adam&eve/DDB.

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