Another CMP move in Japan

It may not be Asia's most exciting business, but CMP Asia continues to clock up steady progress and remains one of the strongest B2B players in the region. News today of another acquisition in Japan where it has acquired the Japan Jewelry Fair for $2.7 million - pretty much the exact average cost of trade fair acquisitions in Asia over the past five years according to our calculations (we make the average $2.8 million per business acquired). This move, along with the news that its September fair in Hong Kong will expand to cover the new AsiaWorld-Expo venue as well as the existing Hong Kong Exhibition & Convention Centre, is clearly designed to consolidate CMP's position as dominant player in Asia in this industry....and to give Reed Exhibitions something to think about as they have to defend their home turf in Japan where International Jewellery Tokyo is one of their key products.

Only 8% of exhibitions in Japan are organised by commercial companies. Most are still in the hands of associations as was the JJF, owned until this deal by the Japan Jewellery Association.