Stephen Carter, Group Chief Executive of Informa, said: “We continue to expand organically and by acquisition. Today’s announcement of the purchase of a US exhibition business complements our existing position in the Health & Nutrition market sector through Vitafoods, creating a strong, global Brand proposition in this attractive vertical. It also provides us with an established base on which to build our presence in the important US Exhibitions Sector.”
Today, Informa have announced the acquisition of Virgo Holdings LLC (‘Virgo’) in the US, subject to receipt of US anti-trust clearance. Financial details of the transaction have not been disclosed but we expect the acquisition to enhance Group earnings in its first full year post acquisition.
“Virgo has a portfolio of six major trade shows and conferences, including the leading US exhibition in the Health & Nutrition Vertical, SupplySide West. This is highly complementary to Vitafoods our leading Exhibition Brand within this market sector in Europe, Latin America and Asia. We believe there will be some attractive synergies by bringing our Health & Nutrition assets into the same portfolio and creating a global brand proposition, in the same way our acquisition in China last year complemented our position in the Beauty Vertical where we have strong positions in Europe. The transaction also provides us with an established base in the US, the largest Exhibition market globally, through which we can build our presence.”
For the full RNS on the acquisition and Ithe groups H1 14 results click Informa