This Just In
  • Messe Frankfurt acquired the Thailand Lighting Fair and Thailand Building Fair. Messe has been with the shows since they launched in 2015.
  • JW Marriott will open the 4,000-room Drew Las Vegas in 2020 at the site of the stalled Fontainebleau hotel project on Las Vegas Blvd.
  • Denver OK’d contracts for a $233-million expansion featuring an 80,000-sf rooftop ballroom and terrace at the Colorado Convention Center.
  • The latest numbers rank NAMM’s 2018 show the largest in its 117-year history with more than 115,000 attendees and nearly 2,000 exhibitors.
  • The deadline for nominations for Trade Show Executive’s Trailblazers Awards has been extended to March 16. Got to TSE Events for info.
  • International Assoc. of Amusement Parks and Attractions President and CEO Paul Noland has resigned. CFO Hal McEvoy steps in temporarily.
  • The Aria Resort & Casino $170-million expansion in Las Vegas adds 200,000 sf of flex meeting space, raising total space to 500,000 sf.
  • Gary Musich announced his retirement as Vice President of Sales for Meet AC effective March 2 after 25 years representing Atlantic City.
  • The San Diego Convention Center named ON Site, a GES company, its exclusive sound and rigging vendor and preferred audio visual provider.
  • Board members of UK-based UBM have accepted an offer from Informa for a reported 3.8 billion pounds ($5.3 billion).

Informa to Acquire UBM for Reported $5.2 Billion

Hil Anderson
, Senior Editor
January 17, 2018
Share On:

London — Informa has struck a deal to acquire UBM. The deal worth about $5.2 billion will expand Informa’s presence in the U.S. exhibitions market.

The two companies did not immediately confirm the agreement, which was reported Jan. 17 by multiple British outlets. UBM told Trade Show Executive (TSE) they could not comment on the reports due to British securities laws; Informa has until Feb. 13 to present a formal offer. 

The London Stock Exchange sent UBM share prices up nearly 12% in late afternoon trading Wednesday while Informa slipped 5.67%.

The combination of UBM and Informa bolsters the footprint of the two already major London-based players in the global trade show industry. Both companies already have sizable presence in the world market, including the U.S. where they organize such landmark shows as MAGIC, Licensing Expo, and World of Concrete.

The official announcement from Informa said that under the proposed cash-and-stock deal, 65.5% of the combined companies would be owned by Informa shareholders and 34.5% by UBM shareholders.

Talks to merge the two major players previously had been underway in 2008, but ultimately, an agreement was not reached.

“It is clear the b-to-b market is moving to operating scale and industry specialization,” Informa Group Chief Executive Stephen Carter said in the announcement. “The combined group will have the reach and market capabilities to take full advantage of these trends."

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.

Informa and UBM both made major inroads in the U.S. via acquisitions in the current decade. Informa acquired Penton in 2016 and Hanley Wood Exhibitions in 2014. UBM acquired Advanstar Communications in 2014 and Canon Communications in 2010.

Reach Charles McCurdy, President & CEO of Informa’s Global Exhibitions division, at +44 (0) 20 7017 5000 or charlie.mccurdy@informa.com; Scott Schulman, CEO of UBM Americas, at (212) 600-3000 or sschulman@ubm.com

 

Share On: