Tarsus buys 70% stake in Touch China

Shenzhen, 24th September: Tarsus Group, an international B2B media group, announced the company has completed its first acquisition under its new owners, Charterhouse. Tarsus acquired 70% of Shenzhen Zhong Xin Cai Exhibition Company, the owner and organiser of Touch China & 3D Glass Expo. No financial details of the acquisition were disclosed.

Launched in 2006, Touch China is a leading exhibition in the “3-D curved glass” manufacturing sector. The 2019 edition was held at the Shenzhen Convention & Exhibition Center (SZCEC) in June attracting some 380 exhibitors occupying a gross area of 37,500 m2. Over 22,500 visitors attended the event. The next edition will return to SZCEC running from 2nd to 4th July 2020.

Tarsus CEO Douglas Emslie, commented, “We are delighted to have completed our first investment under our new owners, Charterhouse Capital Partners. Touch China represents our first move into the strategically important electronics sector in Shenzhen. The Asia-Pacific region is dominating the global 3D glass market – China is undoubtedly the hub of smartphone manufacturing and in turn is the largest user of 3D glass.”

 

Sources: Tarsus press release, TSNN article, Exhibition World article