Mercator Media acquires Marine & Coastal Engineering Expo

Mercator MediaMercator Media Limited has acquired the Marine & Coastal Civil Engineering Expo (M&CCE Expo) from the Prysm Group. M&CCE Expo, an event showcasing the latest equipment and techniques in marine civil engineering and construction, is to co-locate with Seawork, which focuses on the same subject. The terms of the transaction were not disclosed. The M&CCE Expo 2019 will run from 11-13 June 2019 at Mayflower Park, Southampton UK.

Seawork

Mercator is a B2B media company with a 30-year history, serving the marine business with events, magazines and online. It publishes the pan-European commercial marine magazine Maritime Journal, and produces the Seawork exhibition, now in its 22nd year. Situated exclusively in its own dedicated exhibition arena, M&CCE will keep its own brand and identity and will run concurrently with the three days of Seawork.

Andrew Webster, chief executive of Mercator, said, ‘This is great news for visitors and exhibitors to both Seawork and M&CCE, with real synergies between the two. There is a big overlap in content and business for people involved in marine construction, from harbourmasters to consulting engineers to operations managers and anyone in vessel and marine equipment deployment.”

UK, Fareham & Southampton

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QD Events acquires Scottish Fitness and Nutrition Expo

QD EventsScottish event organiser QD Events has acquired the independently run Scottish Fitness and Nutrition Expo, which has experienced significant growth since it was founded by friends Neil Maclean and Jamie Rose in 2014. QD Events, which acquired 25 per cent of SFN Expo in 2016, bid for the remaining 75 per cent after the show’s record attendance last year. Further details of the transaction were not disclosed.

The next edition of SFN Expo will run from 6th-7th October 2018 at the Scottish Event Campus in Glasgow and has already hit record stand and ticket sales. The show will see the return of the World’s Strongest Man, Eddie Hall, and huge industry brands such as Les Mills creating interactive fitness experiences for visitors. SFN 2018 will also host the finals of The Scottish Throwdown and Scotland’s Strongest Man.

The show adds to QD Events’ repertoire which already includes Scotland’s largest exhibition, The Scottish Caravan, Holiday Home and Motorhome Show, IRN-BRU Carnival, Scottish Wedding Show, Independent Living Scotland and Resonate Festival of Gaming.

Greg Cherry, managing director of QD Events, said: “We are delighted to add SFN Expo to the QD Events portfolio. We have worked closely with SFN’s organisers over the past few years to help it reach its true potential, scale and accessibility to the mainstream fitness market.”

UK, Glasgow

Mercator Media acquires Coastlink Network

Mercator Media LtdMercator Media, the parent company of Boating Business, has acquired Coastlink Network Ltd, a neutral pan-European network dedicated to the promotion of short sea and feeder container shipping and how it forms part of a competitive supply chain. The terms of the transaction were not disclosed.

Coastlink was established in 2004 by shipping professionals David Cheslin and Gavin Roser. Since then, Coastlink has hosted a series of 18 conferences and meetings to maximise the utilisation and potential of shipping networks; achieve an environmentally friendly modal shift to shipping; encourage more services linking ports in European waters; and develop collaboration between shippers, ports, shipping lines and freight organisations. The next Coastlink conference will be co-located with Seawork, from 11-13 June 2019, in Southampton, UK.

Mr Roser, currently ‘Ambassador at Large’ of not-for-profit think tank, The European Freight and Logistics Leaders’ Forum, will continue as a consultant to Coastlink to ensure its continued relevance.

Andrew Webster, CEO of Mercator Media, commented: “Mercator is a great new home for the Coastlink Network events. It fits very well with what we do and complements our magazines that overlap this marketplace; Port Strategy, The MotorShip and Maritime Journal as well as our events, GreenPort Congress, Propulsion & Future Fuels and the well-known commercial marine exhibition, Seawork.”

UK, Fareham & London

Mash Media acquires International Confex from UBM Live

mashmedia-logoPublisher and event organiser Mash Media has acquired International Confex, the exhibition for the meetings and events industry, from UBM Live. The terms of the deal were not disclosed.
 
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I am delighted to officially welcome such a well-loved event as International Confex into the Mash stable,” said Mash Media MD Julian Agostini. “I have been an admirer of the show for many years and this is an exciting and significant acquisition for the company. We are relishing the challenge of continuing UBM’s good work by making International Confex the essential exhibition for the meetings and events industry.”

confexIn June 2012 Mash Media acquired The Event Production Show from Ocean Media Group, alongside the Event Production Awards, Access All Areas magazine, and directory The White Book.

International Confex runs from 11-13 March at ExCeL London.

UK, Wimbledon, Surrey

ITE Group plc – Interim Management Statement for the period April to July 2013

ITEITE Group plc today published its Interim Management Statement for the period from 1 April 2013 to 15 July 2013, incorporating the Group’s third quarter trading period from 1 April 2013 to 30 June 2013.

The statement follows:

Trading Performance

Good trading conditions continue in our core markets and the Group is trading in-line with management expectations. Revenues in the three month period to 30 June 2013 were £95m (2012: £76m). This year’s result includes a contribution from the biennial Moscow International Oil & Gas exhibition along with a first time contribution from Metaltech in Kuala Lumpur, Mayalsia, which the Group acquired in January 2013. On a like-for-like basis revenues for the third quarter were 8% higher than the previous year.

The principal trading highlights in the third quarter were:

·    Mosbuild, the Group’s principal Moscow construction event continued to prove its resilience in the face of continuing competition and grew volumes by 4% to 68,500 sqm.

·    Moscow International Oil & Gas exhibition, performed strongly with volumes up (since the 2011 event) by over 5% to 24,000 sqm (2011: 22,800 sqm).

·    Turkeybuild is the leading construction event in Turkey. The event, which is space constrained, delivered a small increase in volumes selling 36,200sqm (2012: 36,100sqm). Plans are now in place to add capacity at the venue which will provide an opportunity for the event to grow strongly from 2015 onwards.

Business development

The Group continues to execute its strategy of expanding its operations to new markets with potential for further growth. On 11 April 2013, ITE acquired 50% of ECMI based in Kuala Lumpur, Malaysia for an initial consideration of MYR 8.1m (£1.7m) and a deferred consideration of approximately MYR 4.1m (£0.9m) due in April 2014. In addition the Group holds put and call options to acquire the additional equity in 2017 and 2019. ECMI runs a number of small annual exhibitions in the Beauty and Lab technology sector in Malaysia, Vietnam and Indonesia.

Financial position

The Group had net cash of £17m as at 12 July 2013 (2012: net debt of £1.7m), after spending circa £26m on acquisitions and deferred consideration during this financial year.

Outlook

Year to date, the Group has delivered good organic growth supplemented by the continued investment in new businesses which extend the Group’s reach into new emerging markets. As at 12 July 2013, the Group had £184m of sales booked for the current financial year (this time last year: £164m), representing approximately 98% of the consensus revenue expectations for this financial year.

The Group continues to experience good trading conditions in its principal markets and the Board remains confident in the full year outcome.

UK, London

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Wilmington Group acquires Spanish information and events Inese

wilmington-logoWilmington Group plc has acquired the trading assets of Inese, the provider of information and events to the insurance industry in Spain, from Reed Business Information for a net consideration of €1.4m in cash. The consideration will be financed out of the Group’s existing £65m multicurrency debt facility.

Inese was established in 1892 and was acquired by RBI in 2000. Inese is a leading provider of Spanish language subscription based inesepublications, online services for the Spanish Insurance Industry along with a number of annual events including the leading industry congress; “Insurance Week”. Inese also operates a digital news service in Latin America.

Approximately 40% of Inese’s revenue is derived from subscriptions, and a further 30% from annual awards and events. Throughout the last 3 years revenue has been stable and the business has enjoyed overall renewal rates on its subscription base of around 90%. Approximately 30% of total revenue is delivered digitally. In the year to 31stDecember 2012 Inese made a profit before taxation of €0.7m*1 and had gross assets of €0.8m.

The Business will form part of the Wilmington Pensions and Insurance Division and will work closely with the Axco insurance information business, providing Axco with access to Spanish language insurance markets.

UK, London & Spain, Madrid

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Euromoney Institutional Investor PLC acquires Californian conference business TTI/Vanguard

Euromoney logoEuromoney Institutional Investor PLC, the international online information and events group, is expanding its membership events portfolio with the acquisition of TTI/Vanguard, which is headquartered in Santa Monica, California.

Euromoney paid US$8 million to acquire 87% of the equity of TTI/Vanguard. The acquisition is expected to be earnings enhancing in itsTT! Vanguard first year.  The remaining equity will be acquired in two stages of an earn-out by December 2014.

TTI/Vanguard is a private membership organisation for executives who lead technology innovation in global organisations across the public, private and academic sectors. Enterprises subscribe to TTI/Vanguard’s conference series to explore how emerging and potentially disruptive technologies may affect their organisations, policy and society. Each of TTI/Vanguard’s five annual conferences is part classroom, part think-tank and part laboratory. At the core of TTI/Vanguard is its world-class Advisory Board of visionaries and futurists who inspire and develop TTI/Vanguard’s content direction (see footnote below).

Under its Institutional Investor brand, Euromoney runs a Financial Technology Forum in the United States and has a strong record of running and successfully building subscription memberships in asset management in the US, Europe and Asia. It now expects to apply this expertise to grow TTI/Vanguard’s business globally.

Dr. Len Kleinrock, past chairman, will remain a minority shareholder in the business and will be actively involved in TTI/Vanguard until at least December 2014.

“The acquisition of TTI/Vanguard is consistent with our strategy of applying our expertise to global sectors,” said Richard Ensor, Chairman of Euromoney. “This takes us into the high-technology content sector. Euromoney has a successful record of acquiring events businesses and accelerating their growth globally, as demonstrated over the past 15 years by the success of Institutional Investor which now has 13 subscription memberships around the world. We look forward to doing the same with TTI/Vanguard.”

Dr Kleinrock said: “Having successfully built TTI/Vanguard into a must-attend membership for heads of innovation and technology across a multitude of diverse industries from government to retail, finance to pharmaceuticals, I believe that Euromoney is ideally positioned to expand the TTI/Vanguard network and membership worldwide. We are confident that Euromoney’s portfolio and expertise will add tremendous value to what we have been consistently providing our members for more than 20 years. We look forward to sharing our know-how and experience and continuing to build a world-wide TTI/Vanguard community.”

UK, London & USA, Santa Monica, CA

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