Regulatory Announcements
REG-United Bus Media Ld: UBM to acquire majority stake in Navalshore
Released: 14/06/2010
14 June 2010
UBM to acquire majority stake in Navalshore
Strengthens UBM's Brazilian and maritime events
United Business Media Limited today announces that it 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 (http://navalshore.com.br) 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 (
www.intermodal.com.br), 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 (www.marintecchina.com) and
Cruise Shipping (www.cruiseshippingmiami.com) 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."
- Ends -
Contacts
Media
Peter Bancroft Director of Communications
E-mail communications@ubm.com
Direct telephone +44 20 7921 5961
Chris Barrie Citigate Dewe Rogerson
E-mail chris.barrie@citigatedr.co.uk
Direct telephone +44 20 7282 2943
Mobile +44 796 872 72 89
Analysts/Investors
Email investorrelations@ubm.com
Direct telephone +44 20 7921 5095
Notes to Editors
1. UBM
UBM is a leading global provider of events; data, marketing and information
products; print products; and targeting, distribution and monitoring services
to specialist business communities. Our 5,800 staff in more than 30 countries
are organised into specialist teams that serve these communities, helping them
and their markets to work effectively and efficiently.
For more information, go to www.ubm.com
2. UBM Brazil
UBM was the first international organiser to establish an office in Brazil in
1994. Since then it has developed and organised more than 80 events for various
markets such as food, pharmaceuticals, cosmetics, building, IT and transport.
The UBM Brazil calendar includes the following events: Hi South America Summit,
Fi South America, CPhI South America, P-Mec South America and Intermodal South
America.
For more information, go to www.ubmbrazil.com
END