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.
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.’