This Just In
  • AVIXA, organizer of InfoComm in Las Vegas, is teaming with InfoCommAsia to launch InfoComm Southeast Asia in Bangkok May 15-17, 2019.
  • Shomex Productions will partner in the Unmukt Festival, which will target the senior citizen market in India and launch in December.
  • Lance Fensterman has been promoted to President of Global ReedPOP, the pop culture division of Reed Exhibitions.
  • The Las Vegas City Council votes April 4 on a proposal to build a new $76 million 350,000-sf downtown exhibition center.
  • Hilton will cut commissions to housing firms and other agencies that book room blocks at its U.S. and Canadian hotels from 10% to 7% in Oct.
  • The Reno-Sparks Convention & Visitors Authority announced a 4-year deal for SMG to operate four major Reno-Sparks venues.
  • RetailX will co-locate GlobalShop, Internet Retailer Conference & Exhibition (IRCE) and RFID Journal LIVE! June 2019 in Chicago.
  • Freeman is launching cloud-based digital floorplan management system BlueprintTM in the U.S. to make real-time booking data available.
  • A new CEIR report provides benchmarks for all phases of a marketing campaign and details characteristics for success in growing attendance.
  • Mad Event Management is launching UAS/Drones for Disaster Response April 19-20 in Miami. First responders are the target audience.

British Regulators Clear Informa-UBM Deal

Mike Thomas
, News Writer
June 1, 2018
Share On:

LONDON — A decade after UBM attempted to purchase Informa, the reverse is one step closer to happening. Announced in December, Informa’s $7.45 billion acquisition of rival UBM was cleared May 31 by Britain’s Competition and Markets Authority.

The joining of the two companies “has the potential to deliver strong growth and significant value for shareholders,” Informa CEO Stephen A. Carter said early this year, and “will ensure the Enlarged Group enters 2019 as a single business, with positive growth momentum and well-placed to deliver at least 60 million pounds ($85 million) of annual recurring operating synergies.”

In April, a majority of Informa and UBM shareholders officially approved Informa’s offer to acquire UBM (http://www.tradeshowexecutive.com/archive/industry-news/global-trade-show-industry-powerhouse-informa-and-ubm-deal-approved-shareholders/).  The deal is expected to be completed sometime during the second quarter.

UBM placed four shows on the most recent Trade Show Executive Gold 100, while Informa had three events. There was one UBM show on the Fastest 50.

Reach Charles McCurdy, President & CEO of Informa’s Global Exhibitions division, at +44 (0) 20 7017 5000 or charlie.mccurdy@informa.com

Share On: