US event producer Emerald Expositions has announced the acquisition of leading technology event Total Tech Summit and a group of complementary technology intelligence brands from EH Media for approximately $28 million in cash.
The acquired brands have delivered impressive organic growth in recent years, driven by increases in digital revenues, now representing approximately half of total revenues, as well as solid event revenue growth. These brands are strategically aligned with Emerald’s CEDIA Expo and Connecting Point Marketing Group (CPMG) businesses, and include:
Total Tech Summit: a premier hosted-buyer event serving the residential, commercial and security integrator markets;
CEPro: a leading media brand for custom technology integrators in the residential market and the media partner of Emerald’s CEDIA Expo trade show;
Commercial Integrator: a top information source for commercial technology integrators serving small and midsize businesses;
Security Sales & Integration: a leading media brand for residential and commercial security installation contractors; and
Campus Safety: a leading media brand serving security professionals responsible for schools and academic campuses with several events and intelligence products.
David Loechner, Emerald’s president and CEO, commented, “We are thrilled to welcome the EH Media team and their highly valuable brands and assets to Emerald. Ken Moyes has built an impressive group of interconnected, technology-oriented brands that are focused on the integration of audio, video, communications, IT, security and energy management products into buildings of all types. We see a tremendous opportunity to deliver continued strong organic growth in these businesses while also achieving synergies as we integrate these brands and assets into Emerald. We believe that this acquisition, once fully integrated, will not only strengthen our existing trade shows but also expand both their relevance and growth profile in several of our key end markets.”
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