Acquisition
October 26 2007 - 3:01AM
UK Regulatory
RNS Number:4049G
Expomedia Group PLC
26 October 2007
26 OCTOBER 2007
EXPOMEDIA GROUP PLC
("Expomedia" or the "Company")
ACQUISITION
Leading brand in parenting exhibitions in Germany acquired
Expomedia, the AIM quoted media group with interests in exhibitions,
conferences, venue management and related publishing, is pleased to announce the
acquisition of a series of German consumer exhibitions, "BABYWELT" - the leading
brand in parenting exhibitions in Germany, for an undisclosed amount.
The brand has been acquired from Messewelten, a subsidiary of Messe Berlin, by
G+J Expomedia Events ("GJ EME"), the Hamburg-based joint venture operation
between Expomedia and Gruner + Jahr AG & Co KG ("G+J"), Europe's leading
magazine publisher.
Key Points
* Turnover of BABYWELT events in 2006 was Euro1.2 million;
* Bookings for BABYWELT events for 2007 are currently 50% ahead of the same
period last year;
* The acquired events will now be organised by GJ EME, with BABYWELT events
planned for the major cities of Hamburg, Essen, Cologne, Berlin, Munich and
Stuttgart;
* The acquisition of BABYWELT underlines GJ EME's strategy of running consumer
shows within market segments dominated by G+J publications. G+J's Parenting
Magazine Group "Eltern" has a total of 10 titles throughout all market
sectors, a strong online presence and a successful merchandising range and
is by far the leader in this market, with a share of over 30%;
* GJ EME intends to create various sponsorship opportunities for the
advertisers and partners of "Eltern" and it is expected that attendance at
the events will increase dramatically under new ownership with extensive
support from all G+J publications; and
* BABYWELT complements Expomedia's strategy of acquiring leading and topical
exhibitions.
Opportunity
With 4.4 million babies and children under 6 years old, and a total market value
for healthcare, food and fashion of nearly Euro5 billion, Germany is Europe's
leading market in this sector. The increase in age at which parents now have
children, coupled with the dramatic increase in the average income of parents
with babies over the past 10 years, also means that the fastest growing segments
in this industry are luxury products and brands in all areas. This profile fits
perfectly with the readership of G+J women's magazines.
The BABYWELT shows cover the entire scope of baby related products including
nutrition, healthcare and fashion. It is Germany's leading brand for consumer
shows in this sector, bringing together smaller, local retailers, institutions
and suppliers with major national and international brands.
Today's news marks Expomedia's 4th acquisition in the current financial year.
Mark Shashoua, Chief Executive of Expomedia, commented: "I am delighted to add
this series of events to our German portfolio. This acquisition is part of our
continued strategy to focus on events where G+J has the largest media presence.
With this acquisition, GJ EME now becomes the market leader for specialised
consumer shows in Germany in a second industry sector, following the successful
rollout of the food events "EAT'n STYLE"."
--ENDS--
Enquiries:
Expomedia Group Plc Tel: 020 8386 0070
Mark Shashoua
Darra Comyn
Charles Stanley Securities (Nominated Adviser) Tel: 020 7149 6000
Mark Taylor
Freddy Crossley
Bishopsgate Communications Ltd. Tel: 020 7562 3350
Dominic Barretto
Sophie Davis
Notes to Editors
Expomedia Group plc is an international, pro-sumer media group with interests in
exhibitions, conferences, venue management and related publishing. Expomedia's
aim is to acquire, develop and then clone events into its core territories, many
of which are in partnership with some of the world's leading media groups.
Expomedia currently concentrates on its core territories of Poland, Russia,
India, UK, Germany and Hungary and has licensed its brands into Croatia, France,
Spain and Serbia. Expomedia Group has publishing interests through its
subsidiary Mash Media Group Ltd, publishers of Exhibition Bulletin, Exhibition
News, Exhibition World and Conference News amongst others.
For more details visit: www.expomediagroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQMABRTMMTTBPR
Expomedia (LSE:EXP)
Historical Stock Chart
From Oct 2024 to Nov 2024
Expomedia (LSE:EXP)
Historical Stock Chart
From Nov 2023 to Nov 2024