Hong Kong & Kuala Lumpur, 23rd April: Earlier this week, two UBM plc’s subsidiaries announced acquisitions. UBM Asia Limited acquired the Restaurant & Bar Hong Kong (RBHK), Natural & Organic Products Asia (NOPA) and Retail Asia Expo (RAE). UBMMG Holdings Sdn. Bhd. acquired TradeLink ITE Shd. Bhd. in Malaysia from the ITE Group.
In Hong Kong, UBM Asia acquired the three shows from the Hong Kong subsidiary of U.S.-based organiser, Diversified Communications. No financial details were disclosed. RBHK is a leading dining and bar exhibition in Asia that focuses on the high-end food and beverage market. NOPA focuses on natural healthcare products, and natural & organic foods. RAE targets cutting-edge retail technology solutions, retail design, in-store marketing products and omni-channel services.
A second acquisition was announced in Malaysia where UBMMG acquired TradeLink ITE, the owner of METALTECH, from the ITE Group for a total cash consideration of US$5.9 million. METALTECH is positioned as Malaysia’s only annual event covering the entire manufacturing process industry.