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United Business Media Buys Aviation Industry Group Ltd.

Publication: PR Newswire
Publication Date: 04-JAN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Strengthens Commonwealth Business Media's Events Portfolio for Aviation Intelligence Market

LONDON, January 4 /PRNewswire-FirstCall/ -- United Business Media plc announces today that its Commonwealth Business Media division has acquired the UK-based Aviation Industry Group Ltd (AIG) for an initial cash consideration of GBP6m, with a further consideration of up to GBP1m being payable, depending on certain conditions being met.

AIG organises 21 annual exhibitions and conferences for the aviation industry, supported by three print titles and associated online platforms. The exhibitions are held in the UK, with the conferences taking place across the United States, Middle East, Asia Pacific and Europe. Approximately 60% of AIG's GBP3m total revenues are generated from trade shows and conferences.

The acquisition will both extend Commonwealth Business...



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