From Exhibition World: International trade show organiser Informa’s latest trading update is reporting growth of over 10%. The statement coincided with the group’s Annual General Meeting and confirmed continuing strong growth. Stephen A. Carter (pictured), group chief executive, Informa, said: “The Informa Group has changed gears and we are now delivering 10%+ growth.” He added:…
From Exhibition World: Reports from Moscow have said at least 137 people were dead and more than 150 wounded after terrorists opened fire on people attending a rock concert at Crocus City Hall, 22 March. The hall is situated in the city region suburb of Krasnogorsk. The concert hall was opened in 2009 and is…
From Exhibition World: The Joint Meetings Industry Council (JMIC), the international umbrella organisation that represents the collective voice of the global meetings and events industryhas announced the addition of two more organisations, Asociación Internacional de Ferias de América (AFIDA) and International Exhibition Logistics Association (IELA), as its latest members. This development not only broadens the…
From Exhibition World: The ninth edition of Global Exhibitions Day (GED), facilitated by UFI, the global association of the exhibition industry, will be held on 5 June 2024 under the theme ‘Exhibitions are catalysts to sustainable futures’. Celebrated annually on the first Wednesday of June, all interested in increasing the visibility of the exhibitions industry…
From Exhibition World: Global event organiser CloserStill Media has acquired a majority stake in the Trailblazer Summits group in Germany. Terms of the deal have not been disclosed. Trailblazer Summits GmbH (Trailblazer Summits) produces a series of two-day, content-led confex events serving several key German market verticals including logistics, accounting, procurement, digital marketing and construction….
From Exhibition World: The international B2B events, digital services and academic markets group Informa plc has issued a trading update confirming a strong performance in 2023 and confidence of further growth in 2024. Subject to audit, the group said the 2023 growth in underlying revenues could be around 30%. Reported revenue was £3,165m+ and adjusted…
From Exhibition World: A new UFI/BSG report on the trade fair industry in Asia compares regional markets in 2022, when Covid was still affecting many Asian markets, with 2019 and finds that space sold dropped by 87% to approximately 3.2m. sqm over the period. The massive drop is attributed to China’s restrictive Covid-zero policy. The…
From Exhibition World: UK-based Cuil Bay Capital (CBC), a new investment vehicle led by exhibition industry entrepreneur Doug Emslie, former CEO of Tarsus Group, announces its inaugural investment, the acquisition of a majority stake in UK-based Raccoon Media Group (Raccoon). Exact terms of the deal have not been disclosed. Founded in 2016, Raccoon achieved acclaim…
UK-based global event organiser CloserStill Media, has agreed to acquire UK-based UKI Media & Events. Terms are not disclosed, although financial media have speculated the price could be in the region of £100-£120m. This strategic move forms the cornerstone of CloserStill’s new Future Transport and Infrastructure Group and marks a significant expansion… From Exhibition World…
The Abu Dhabi-based ADNEC Group has signed a strategic partnership with global events management company Kenes Group, to launch new events within the emirate. The agreement was signed by Ahmad Shaker, CEO of ADNEC Services, the event agency arm of ADNEC Group, and Dan Rivlin, executive chair and chief vision officer of Kenes Group. From…
Saudi Arabia’s Events Investment Fund has acquired a stake in Tahaluf, the Saudi Arabian large-scale live events company created through a strategic joint venture between the Saudi Federation for Cybersecurity, Programming and Drones, and Informa. Following the announcement Stephen Carter gave an exclusive interview to EW’s editor Paul Colston…
Global event organiser Hyve has announced the completion of its acquisition by funds advised by Providence Equity Partners L.L.C. and Searchlight Capital Partners. “This marks a significant milestone for Hyve, providing strategic support and positioning the company for accelerated growth,” a statement from the company said. By Paul Colston, from Exhibition World…
By Paul Colston, from Exhibition World: International event organiser and digital services group Informa has announced the addition of specialist B2B events, data and media group, Chicago-based Winsight, for $380m, payable in cash to owners HPS Investment Partners…
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