London, 14th September: Last week, B2B media group, Tarsus Group, announced three transactions: the acquisition of the remaining 50% stake in its Mexican joint venture, the acquisition of a further 25% interest in AMB Tarsus Exhibitions Sdn Bhd in Southeast Asia, and plan to establish a strategic partnership with the Streamline Marketing Group (SMG) in the UAE.
Tarsus acquired the remaining 50% stake in its Mexican joint venture, EJK Tarsus Mexico from E.J. Krause & Associates, Inc. (EJK) for a cash consideration of approximately US$18 million.
Tarsus also bought an additional 25% stake in AMB Tarsus Exhibitions and increased its overall interest in the company to 75%. No financial details were released for this transaction.