UBM buys four new trade shows
Events and publishing powerhouse, UBM, has bought four new trade shows.
Events and publishing powerhouse, UBM, has bought four new trade shows.
The biggest is the "MIFF" furniture trade show which is held annually in Kuala Lumpur. In 2011 the event generated revenues of approximately £4.1m. The business's gross assets as at November 30th 2011 were £5.4m.
The other acquisitions include the Chinese dental trade show, Dentech, Renewable Energy India and Airport Cities Expo, which focuses on airport commercial activities and land use.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
UBM says the acquisitions are expected to exceed its cost of capital criterion in the first full year of ownership.
David Levin Chief Executive of UBM, said: "These acquisitions build on our well-established strategy of acquiring strong events that serve structurally growing markets and communities, and particularly events which operate in growth economies."
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Giorgio Armani: the irreplaceable Il Signore
Giorgio Armani started his fashion business in 1975 and built it into the world’s largest private luxury brand. Where can it go without him?
-
A strange calm in credit
Corporate bond markets remain remarkably relaxed, with yields that offer little compensation for risks