Reed Pursues Aggressive Acquisition Strategy in India

HIL ANDERSON, SENIOR EDITOR
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New Delhi, India – The head of Reed Exhibitions India indicated that the company is forging ahead with an aggressive acquisitions strategy that could include as many as four new brands annually over the next three years.

Mandeep Singh, director and chief operating officer for Reed Exhibitions India, told Press Trust of India that Reed was prepared to spend some $50 million and acquire a dozen new brands over the next three years. “Our target is to acquire a minimum of four exhibition brands each year. In fact, three will be acquired by mid-March 2008,” Singh said.

The details of the pending acquisitions were not revealed and Reed Exhibitions India did not immediately elaborate on Singh’s statements. Reed Exhibitions India serves the jewelry, cosmetics, electronics, pharmaceutical, aluminum and oil and natural gas industries.

The company set up shop in India in 2006 with three shows. It will produce seven events this year. Singh said that Reed was also prepared to invest in upgrades of India’s exhibition halls to bring them in line with “world-class standards.”

Reach Mandeep Singh at +(91)124 4686300 or mandeep.singh@reedexpo.co.uk