United Business Media has signed an agreement to acquire a 60% interest in Navalshore, a Brazilian shipbuilding industry tradeshow and conference, from its private owners.
Founded in 2004, Navalshore is the leading annual tradeshow for the maritime industry in Brazil. Held in Rio de Janeiro, the centre of the Brazilian shipbuilding industry, Navalshore brings together suppliers of marine and shipbuilding technology, products and services with shipbuilders, subcontractors and companies ordering new ships. The 2009 edition of Navalshore attracted more than 250 exhibiting companies and over 12,600 maritime engineering industry visitors, generating revenues of around $700,000. The next edition of Navalshore takes place during 11-13 August 2010.
The acquisition of a majority stake in Navalshore gives UBM greater exposure to the Brazilian maritime industry, one of the fastest growing markets in the world. The event is complementary to UBM’s largest Brazilian show, Intermodal, which has a strong maritime transport component. The acquisition also provides a platform for the introduction of UBM’s international maritime brands such as Marintec and Cruise Shipping to the Brazilian market. The acquisition is expected to close within the next six weeks.
Simon Foster, CEO of UBM International Media, said: “Navalshore gives UBM a majority share in the leading event for the Brazilian maritime industry, one of the fastest growing maritime markets in the world, and continues our strategy of investing in markets and geographies which provide significant growth opportunities. Working with our partners in Brazil, we aim to grow the Navalshore exhibition and conference rapidly over the next several years, as well as to bring UBM’s maritime brands to Brazil.”
Location: Brazil, Rio de Janeiro
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