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UBM adds exhibitions to portfolio
United Business Media (UBM), a business news distributor and events organiser, has completed its 15th acquisition this year. The global group has bought Ithaca Holdings from its management and NVM Private Equity for £14.25 million cash.
The purchase was made through UBM’s business information division, CMP information. The deal will add
CMP Information chief executive Gary Hughes said: “This acquisition builds and broadens CMPi's media portfolio in a number of our existing B2B markets, adding a complementary event component to our offering in each of those B2B communities.”
UBM is listed on the FTSE 250 and has a £1.8 billion market cap.
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