Reed acquires PackPlus India

India, 1st May: Last week, Reed Exhibitions, an international leading exhibition organiser, announced that the company has acquired PackPlus, a portfolio of trade fairs serving the Indian packaging industry. Financial details of the acquisition were not disclosed.

PackPlus, previously owned by Next Events, was launched in 2006 and has its flagship annual event in Delhi. Today, the PackPlus portfolio also includes PackPlus South (Bangalore/Hyderabad) and the India Packaging Show in Mumbai.

This is Reed Exhibitions third recent acquisition with Indian elements following the Big7 and Mack Brooks deals earlier in the year.

Gregory Zaraisky, CEO, Reed Exhibitions India, stated, “For a long time we were intrigued by the evolution and progress of PackPlus, and we are delighted to take the baton and add our global experience, energy and resources to this exciting portfolio… The acquisition of PackPlus marks our third deal in India this year and an important step in our strategy. We are extremely committed to the market and the industries we serve. We welcome the PackPlus team into our family and together we will write the next chapter in RX’s growth story in India.”

Sources: Reed Exhibitions press release, Reed Exhibitions China press release, Exhibition News article, Exhibition World article

Comexposium acquires Indonesia Motorcycle Show

Jakarta, 12th February: The Indonesia Motorcycle Show (IMOS), one of the largest motorcycles shows in Indonesia, has been acquired by Comexposium. The acquisition is expected to be officially completed in the first quarter of 2019. No financial details were released. IMOS will be organised by Seven Event, a joint venture between Comexposium and Amara Pameran Internasional (API).

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Pico’s MP International acquires FUTR Group

Singapore, 12th February: Earlier this week, MP International, part of the Pico Group, announced that the company has acquired “a significant stake” in the FUTR Group (formerly Millennial 20/20), a global trends, innovation and summit events business. Financial details of the acquisition were not disclosed.

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Reed Exhibitions to acquire Mack Brooks

London, 15th January: Reed Exhibitions, the second largest global exhibition organiser, announced that the company has entered into a definitive agreement to acquire Mack Brooks Exhibitions. The transaction is subject to regulatory approval and is expected to close at some point in the first half of 2019. Although no financial details for the acquisition were disclosed, industry insiders have estimated the deal to be worth approximately £210 million (US$273 million).

 

Based in St. Albans in the U.K., Mack Brooks Exhibitions was established in 1965 and operates more than 35 B2B events in 14 countries. Flagship brands include EuroBLECH, inter airport, Fastener Fair, Chemspec, RAILTEX, ICE Europe, CCE, PSE Europe and InPrint.

 

Mack Brooks has a small portfolio in Asia including geo-cloned editions of Asia Blech, InterAirport, and its Fastener Expo in China, India, Thailand and Singapore. In total, the company is estimated to have revenues of approximately US$50 million. The deal represents Reed Exhibitions first significant acquisition in many years.

 

Chet Burchett, CEO of Reed Exhibitions, commented, “Mack Brooks is an excellent fit with Reed Exhibitions’ existing portfolio and the combination of the two businesses will deliver value for all stakeholders… Mack Brooks is widely recognised as a market leading exhibitions organiser and bringing these shows together with Reed Exhibitions’ own strengths in delivering customer value and innovation represents an exceptional opportunity.”

 

Sources: Reed Exhibitions press release, Conference & Meetings World article, Campaign Asia article, Exhibition World article, EEAA announcement