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).
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.