Friday, November 23, 2012

UBM Asia acquires majority share in Malaysian organiser

News this week: London-listed UBM plc announced its acquisition of a 65% equity share in Eco Exhibitions Sdn Bhd – owner of sustainable building, design and construction trade fair Greenbuild Asia. Financial terms of the deal were not disclosed. Greenbuild Asia’s founder and owner, Andrew Siow, will remain as a partner and managing director of the company.

Reportedly the largest event of its kind in Southeast Asia, the last edition of Greenbuild Asia was held from 14th to 16th February 2012 at the Kuala Lumpur Convention Centre (KLCC), which received 12,000 trade buyers and 98 exhibiting companies. In 2013, the show will move to the Putra World Trade Centre due to space constraint and will run from 17th to 19th September.

This latest acquisition is part of UBM’s ASEAN expansions in Southeast Asia. In 2011, UBM Asia also acquired AMB Exhibitions from Andrew Siow. AMB’s portfolio of trade shows includes the Kuala Lumpur-based AsiaWater and ASEAN M&E Expo. UBM Asia reportedly became the largest exhibition organiser in Malaysia through its acquisition of the Malaysian International Furniture Fair (MIFF) in February this year.

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